NGMS spectrum to improve broadband
Finance minister calls for transparent auction to strengthen IT services
Proposal is to let public sector entity acquire/lay optic fibre infrastructure and sell onwards. PHOTO: FILE
KARACHI:
The release of Next Generation Mobile Services (NGMS) spectrum in Pakistan would contribute to the overall economic growth through digitalisation and improve the quality of broadband services, said Finance Minister Abdul Hafeez Shaikh.
He made the remarks while chairing a meeting of the advisory committee for the release of NGMS spectrum in Pakistan at the Finance Division on Thursday.
During the meeting, the finance minister urged consultants to adopt a proactive approach and meet the given deadlines effectively.
Abdul Hafeez Shaikh Meets With Advisory Committee on Next Generation Mobile Services
Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Advisory Committee for the release of Next Generation Mobile Services (NGMS) spectrum in Pakistan held at the Finance Division today.
Chairman PTA briefed the Advisory Committee about the latest developments in the sale of the available spectrum of next-generation mobile services in the country.
While appreciating the sale of the maximum possible spectrum, the Finance Minister stated that it will contribute towards overall economic growth through digitalization and improve the quality of broadband services in Pakistan, he added.
Turkmenistan eyes MoU with Gwadar Port
Both sides resolve to increase bilateral trade volume
ISLAMABAD:
Pakistan and Turkmenistan are engaged in efforts to deepen trade relations between the two countries.
During a meeting between Ambassador of Turkmenistan to Pakistan Atadjan Movlamov and Adviser to Prime Minister on Commerce Abdul Razak Dawood, both sides discussed the historical bilateral relations. They agreed that the bilateral trade was below its true potential and resolved to increase the volume.
In light of Pakistan’s interaction with Afghanistan and Uzbekistan, now Turkmenistan also wants to enhance trade relations with Pakistan. Hence, the Ministry of Commerce is developing a strategy to incorporate Turkmenistan as part of efforts to integrate five Central Asian Republics with Afghanistan and Pakistan.
ECC okays removal of customs duty
Waives additional 2% duty on 152 tariff lines, endorses more wheat import
Earlier, the ECC had deferred its approval following opposition from the FBR to the removal of additional customs duty from 152 tariff lines. PHOTO: PID
ISLAMABAD:
The Economic Coordination Committee (ECC) of the cabinet has approved the removal of additional 2% customs duty on 152 tariff lines, mostly raw material, under the National Tariff Policy 2019-24.
Federal Minister for Finance Abdul Hafeez Shaikh chaired a meeting of the ECC on Wednesday.
The Ministry of Commerce presented a summary regarding removal of additional 2% customs duty on 152 tariff lines, mostly raw material, on a horizontal basis under the National Tariff Policy 2019-24. These items are currently subject to 3% customs duty.