KARACHI  - Pakistan Telecommunication Authority (PTA) has announced that auction for licenses/spectrum regarding 3G/4G/LTE will be held on March 28 and 29 in a transparent manner.

This was announced at the second investment awareness conference held here on Saturday which was attended by Federal Minister Finance Dr Abdul Hafeez Shaikh as the chief guest.

Chairman PTA Dr Mohammed Yaseen briefed about the 3G Services in the country and highlighted auction process and allied issues, says a PTA statement.

Addressing the conference, Dr Abdul Hafeez Shaikh assured the investors that bidding of 3G licenses would be transparent and fair and all rules and regulation would be followed accordingly. He said that process of license auctioning would be conducted on professional basis.

The Minister said that this will increase opportunities in education, health, agriculture and banking sectors of the country. Chairman PTA Dr. Mohammed Yaseen, briefing about the performance of telecom sectors and auction process, said that with the launch of 3G, Pakistani cell phone subscribers will be able to transmit and receive high speed data through their mobile phones.

High speed data means possibility of video calls, internet browsing and downloading at a much higher speed which also includes usage of data intensive applications.

Chairman International Chamber of Commerce Karachi, Tariq Ragoonwala said that today’s event marks historic achievement of PTA, the technology which is available in many countries would now benefit Pakistan consumers as well.

He said that 3G licensing is one of most important prospectus in the history of Pakistan.

Introduction of 3G license will boost-up social and economic growth and will increase the revenue of operators as well as government, he added.

Director General (Strategy and Development), Waseem Tauqeer, highlighted the silent futures of Information Memorandum (IM).

In the end of session, Member (Technical), Dr. Khawar Siddique Khokhar, answered the questions raised by the participants of the Conference.

A large number of representatives from Telecom Sectors were also present during the event.