IT Minister Launches Interest Free Installment Service to Buy Smartphones in Pakistan in 2023

Did you know IT Minister Launches Interest Free Installment Service to Buy Smartphones in Pakistan.As a result of the latest government action taken to make technology more accessible to the general public, purchasing mobile phones has become much easier.

The “Smartphone For All” initiative was unveiled in Islamabad today by Federal Minister of IT and Telecom Syed Amin Ul Haque, making it possible for low-income people to purchase mobile phones through affordable instalment plans.

The project was launched by the GSMA and KistPay, the most popular instalment payment service in Pakistan.

Amin Ul Haq was joined onstage by GSMA’s Head of the Asia Pacific Region, Julian Gorman. Chief Executives from Ufone, Jazz, Telenor, and the Special Communication Organization (SCO) were present, as well as the Head of Policy at SCO, Janet White, and Chairman of the Pakistan Telecommunication Authority (PTA) Major General (R) Aamir Azeem Bajwa.

Asif Aziz, CCO of Jazz, proposed that in order to help an additional 50 million people make the switch to mobile broadband in the next three years, the government should stop importing and producing 2G phones, give priority to local assembly of 4G-enabled smartphones, create a regulatory cover that allows telecom companies to offer smartphones on instalments, and reduce withholding tax on essential telecom services from 15% to 8%. This will aid in increasing people’s use of digital technologies and opening up vast economic and social possibilities for the general public.

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Federal minister Amin Ul Haq

Federal minister Amin Ul Haq stated that anyone can obtain a mobile phone under the scheme by paying 20-30% of the total cost of the device in his remarks at the ceremony. He insisted that the sale of the cellphone did not need any collateral or cumbersome paperwork, and that it could be finalised with merely an ID card.

He added that the first batch of phones, valued at between Rs. 10,000 and Rs. 100,000, will be handed out in three to twelve instalments. These gadgets will be equipped with cutting-edge software, will be free of charge, and will be unique in their ability to function globally.

As Amin Ul Haq explained, the plan’s main objective is to increase smartphone affordability while also introducing local merchants to online sales.

To further guarantee access to smartphones with superior connectivity, the minister said the programme was launched. In order to bring internet access to all areas of the country, over 70 projects totaling Rs. 65 billion have already begun.

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