$1.8bn telecom FDI in 2006-7

Published December 27, 2007

ISLAMABAD, Dec 26: The country’s telecommunication sector attracted $1.8 billion Foreign Direct Investment during 2006-7, which was 35.6 per cent of the total FDI.

This was stated by Pakistan Telecommunication Authority Chairman Major-General (rtd) Shahzada Alam Malik on Wednesday at a briefing during a visit by caretaker Minister for Information Technology and Telecommunication Dr Abdullah Riar to the PTA headquarters.

Mr Malik said the number of cell phone users in the country had reached 75 million and the usage had increased manifold over recent years.

He said the overall tele-density of the country was a little over 50pc, while the density of mobile phone users was 47.4 per cent.

While appreciating the growth in the sector, the caretaker minister said it had made decisive contribution to the national economy.

He termed the PTA a model institution for other government organisations to follow.

He emphasised that there was a need to supplement the telecom revolution with broadband revolution.

“Access to information will not only enhance productivity in every sphere of life but also contribute towards the overall wellbeing of the common man,” Dr Riar said.

Opinion

Editorial

A difficult story
Updated 12 Jun, 2026

A difficult story

Unless productivity becomes the dominant target of economic policy, Pakistan will continue to oscillate between crises and fragile recovery.
Rough waters
12 Jun, 2026

Rough waters

AMONGST the key potential triggers for fresh conflict in South Asia is water. The Indian state is behaving in an...
Politicised football
12 Jun, 2026

Politicised football

ALMOST three-and-half years since Lionel Messi led Argentina to FIFA World Cup glory, the latest edition of...
GB polls’ aftermath
Updated 11 Jun, 2026

GB polls’ aftermath

The new administration must address the region’s issues proactively.
Peace in retreat
11 Jun, 2026

Peace in retreat

THE ceasefire announced in April was supposed to create space for negotiations. Instead, it has been repeatedly...
A few good men
11 Jun, 2026

A few good men

IT was a brave move, no doubt. This Tuesday, in the land of the Afghan Taliban, a few good men decided to take a...