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Sunday, November 20, 2005
GSM companies to invest $3B in Pakistan - PakTribune
Ricardo Tavares, President GSM Association, said that the boost the telecommunication sector in Pakistan, mobile companies planned to invest US $ 3 billion in the next three years. "The six mobile operators are investing US $ 1.2 billion in Pakistan this year alone, excluding license payments, and doubling for the second year in a row the number of mobile subscribers to over 19 million by the end of 2005," he stated this while addressing the press conference here on Saturday at a local hotel.
He lauded the government’s policies to boost the telecom sector and said that the government has played in unleashing the growth of the telecom sector. He mentioned the commendable cases of lowering handset prices and taxation. He said that in Pakistan, the handsets was available at below US $ 30 as these handsets were 60 percent more in Syria. He said that this is so because Syria and many other countries tax handsets heavily while the tax rate to import a handset into Pakistan is Zero, he said.
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