IT minister approves Rs4.37b for USF
Exchange Companies Association president anticipated that the rupee would partially recoup losses over the next couple of days on expectations of easing political tensions. Photo: afp
Federal Minister for Information Technology and Telecommunication (ITT), Syed Aminul Haque, spearheaded significant discussions during meetings of the Universal Service Fund (USF) Policy Committee and the Ignite Policy Committee. The meetings, held at the Ministry of IT on Tuesday, focused on crucial matters to propel the country’s digital development.
The USF Policy Committee, led by Haque and attended by Secretary of IT Navid Ahmed Shaikh, greenlit the disbursement of Rs4,370 million to the USF company for the fourth quarter of the fiscal year 2022-23. USF, CEO, Haaris Mahmood Chaudhary provided updates on ongoing projects and confirmed the availability of funds for phased payments in the current year. He also highlighted the need for an additional Rs33 billion in 2024 to cover the company’s overall payments.
“On the direction of the federal minister for ITT, 65 projects worth over Rs70 billion were launched during the last four years to provide broadband services to masses in far-flung areas of the country,” he said.
Published in The Express Tribune, May 24th, 2023.
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