Govt to Privatize Telephone Industry of Pakistan – Research Snipers

Govt to Privatize Telephone Industry of Pakistan

Telephone Industry of Pakistan

The government has made the Telephone Industry of Pakistan a part of the privatization list. The list includes all those industries that are expecting losses on an annual basis to the national exchequer.

This information was disclosed before the National Assembly Standing Committee on Information Technology and Telecommunication which met with Ali Khan Jadoon, who was chairing the meeting on Monday.

The committee chairman inquired that why the land of TIP in Haripur is not being used, to which the IT Ministry officials said that Telephone Industry has been included into the privatization list.

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Secretary further informed that a plan was under making under which the TIP land would be given for mobile manufacturing units.

The committee was further told that the government would officially be negotiating with the EXIM Bank of Korea for the establishment of Technology Park in the capital city at an approximated cost of $88.383million.

The government is anticipating to get a loan of $76.31million from the EDCF—Economic Development Cooperation Fund from the EXIM Bank of Korea at the rate of o.1percent for the span of forty years with ten years of a grace period.

Marood Afzal—the secretary MoITT said that there are 5 IT parks in Rawalpindi/Islamabad and 8 in Lahore and Karachi. Regarding the IT parks, a study project is under planning. There was some land issue for the IT park in Baluchistan, but the IT Board of Baluchistan has procured land for the purpose.

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