Telcos’ Licence Renewal Policy to Be Finalized
The Government is setting up a committee to finalize the license renewal policy for telecommunication companies. The technical committee has been tasked to evaluate benchmarks, different models, legal and financial aspects and submit recommendations to the committee of ministers—comprising on Finance and IT ministers. After the approval from the committee of ministers, a final draft will be submitted to the federal cabinet for approval of the policy before the IT Ministry announces it.
The committee was formulated after the consultant hired by PTA failed to complete its assessment on time, due to the reported differences among PTA, FAB and IT Ministry. The measure is being carried out by government as a response of persistence negligence by the previous personal and is expecting to generate $1-2 billion in revenue from the process.
News Source: fp.brecorde