Published On: Sat, Jan 18th, 2014
Published in Category: Islamabad

Government expects to earn us $ 2 billion through auction of spectrum licenses: Dar

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ISLAMABAD: The Finance Minister Senator Ishaq Dar has said that government is planning to auction the next generation spectrum license by March 2014.

The Finance Minister who also chairs the Spectrum Auction License Committee said this during a meeting with a delegation of Telenor led by Jon Fredrik Baksaas, President/CEO of the Telenor Group and current Chairman of GSMA, Lars Christian Iuel President/CEO Telenor Pakistan, Tore Johnsen SVP Telenor Asia Region, Haakon Bruaset Kjol Corporate Affairs-Asia Region-Telenor, M. Aslam Hayat Chief Corporate Affairs and Security Officer, Corporate & Regulatory Affairs, Telenor Pakistan called on Finance Minister Senator Mohammad Ishaq Dar at the Finance Ministry this morning.

Ishaq Dar said that there is a lot of interest being shown by Telecom sector in the auction of next generation spectrum license and assured that the process of auction would be smooth and transparent.

The Finance Minister said that though Pakistan expects to earn an estimated US $ 2.0 billion through the auction of three spectrum licenses, we have taken a conservative figure of US $ 1.2 billion for budgetary purposes.

The Finance Minister said that the present government is presently working to fix the macro-economic imbalances and sees a lot of economic activity in the country in the next three years.

The Finance Minister said that the present government led by Prime Minister Nawaz Sharif is known for its business friendly policies and believes that the corporate sector should be further facilitated. The Prime Minister Nawaz Sharif, the Finance Minister said had a vision and a clear roadmap to revive economy and put it on the path of sustainable growth.

Briefing the Finance Minister on the future plans of the Group, the President Telenor said that the Group takes a long term view of Pakistan and added that the penetration rate of telecom in Pakistan is higher than India and the auction of next generation spectrum license would only improve it further.

The meeting was also attended by Secretary Information Technology Mr. Ikhlaq Tarrar, Chairman Pakistan Telecom Authority Mr. Ismail Shah, Advisor on Finance Rana Asad Amin and senior officials of the government.