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Thursday, 23 May 2013 2:10 pm
High 14 oC - Low 7 oC
500 million dollars!!!
ISLAMABAD - The telecom sector has invested more than US $ 500 million during last one year which helped improved infrastructure and other projects to ensure expanded services in every nook and corner of the country. In addition, Universal Service Fund (USF) also invested Rs 3.5 billion during the period. Cellular mobile area contributed in major way in the investment. According to data released by Ministry of Information and Technology, as in the investment scenario explained, telecom companies have reduced Foreign Direct Investment (FDI) as compared to previous years because they have already laid down the required infrastructure. The investment included cellular with US $ 359 million, Long Distance International (LDI) with US $ 109 million, Local Loop (LL) US $ 19 million and Wireless Local Loop (WLL) with US $ 11million investment.
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