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IT MINISTER LAUNCHES INTEREST-FREE INSTALLMENT SMARTPHONES SCHEME

ISLAMBAAD: The government’s most recent whip hand to make technology more widely available has made buying cell phones significantly simpler by introducing interest free installment smartphone scheme.

Give a lecture to launching ceremony, Federal minister Amin Ul Haq said that ,
under the scheme anyone can obtain a Smartphone easily just through CNIC, without any lengthy documentation hassle.

In the first phase smartphones worth 10,000 to Rs. 100,000 will be distributed in 3 to 12-month instalments.

According to the details, the Smartphone For All initiative has been launched in collaboration with Global System for Mobile Communications Association (GSMA) and Pakistan’s leading installment service, KistPay, a Buy Now Pay Later (BNPL), which is responsible for processing applications and providing the smartphones on easy interest-free installments.

Before time the Federal Minister for Information Technology and Telecommunication Syed Aminul Haque urged Meta, the parent company of Facebook, to establish its office in Pakistan.

 

While the telecom industry, including Federal Minister for IT and Telecommunication, Syed Aminul Haque and the regulator, on Wednesday, protested against the higher rates of taxation imposed on the telecom sector. Read More…

Addressing the launch ceremony of the “Smart Phone for All” initiative, held in collaboration with GSMA and KistPay, the federal minister said, “The State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) need to understand the issues being faced by the IT and telecom sector.”

Earlier, Haque had strongly criticised the finance ministry and FBR for not addressing the issue of higher taxes in the telecom sector, saying the move was impacting the growth of the IT sector.

Stakeholders of the industry lamented that Pakistan has among the highest taxes on mobile calls, internet and mobile sets in the world, while the return on investments (ROI) was among the lowest.

“Since I have become the IT minister, I have stood by the telecom industry,” he said, adding that, “Digital growth is not only essential to strengthen the economy but is one of the basic conditions required to modernise the system of governance in the country.”

 

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