Federal Minister for IT and Telecommunication Syed Amin Ul Haque said that the limited facility of Letters of Credit (LCs) is insufficient for Telecom sector as it is causing hurdle in import of equipments for upgrading mobile networking. Federal Minister for IT and Telecommunication Syed Amin Ul Haque was chairing 44th Policy Committee Meeting of Universal Service Fund (USF) here on Tuesday. The meeting was attended by Additional Secretary (Incharge), Ministry of IT Mohsin Mushtaq, Senior Joint Secretary, Member Telecom Omer Malik, CEO USF Haaris Mahmood Chaudhary, CEO Ignite Asim Shahryar and others. Federal Minister for IT said that Telecom companies were facing difficulty in importing upgraded systems and equipment due to limited permission of LCs and it may also result in delay in projects for provision of 4G services in far-flung areas of the country. Earlier, the CEO USF Haaris Mahmood Chaudhary briefed the chair about the ongoing projects. The meeting also approved the release of Rs 5 billion development fund for USF for second and third quarter out of total USF budget Rs 32.13 billion for FY 2022-23. It also approved releases to Ignite Co on quarterly basis in line with approved budget. Meanwhile, inorder to save electricity, the Ministry of IT and Telecommunication has started implementing one room one light policy. A notification has been issued in this regard. Federal Minister for IT Syed Amin Ul Haque said that electricity saving is the need of the hour and vital to cope with economic issues. All the attached departments of the MOITT have also been directed to comply the order in letter and spirit.
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