Staff Reporter
Islamabad
Adviser to Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic Coordination Committee of the Cabinet here at the Cabinet Division on Wednesday.
For the release of the Next Generation Mobile Services Spectrum in Pakistan for the improvement of mobile broadband services, ECC approved the formation of an Advisory Committee for the release of unsold spectrum for NGMS.
The composition of the Committee is as follows: Adviser to Prime Minister on Finance & Revenue (Chairman), Federal Minister for Information Technology and Telecommunication, Adviser to PM on Commerce, Minister for Industries and Production, Federal Minister for Planning, Development and Special Initiatives besides other members.
Terms of Reference of the Committee (ToRs) would be: (1). To examine and evaluate the market assessment report and recommendations of PTA for release of maximum NGMS spectrum in Pakistan. (2).
To examine and finalize the policy directives for the Federal Government for the release of NGMS spectrum in Pakistan. (3). Top oversee the release process to be conducted by PTA.
ECC also approved the amendment in the minutes of an earlier decision (based on the directives given earlier in the meeting of 22 July 2020) related to subsidy of the Naya Pakistan Housing and Development Authority.
The amended and approved decision states “approval of allocation of Rs. 33,095 million on account of 10 years markup subsidy on loans with tenor up to 20 years with supplementary grant of Rs. 4,774 million on account of markup payment during the current financial year (FY 2020-21).
