ISLAMABAD: The Economic Coordination Committee (ECC) has set up a committee to review issues related to 5G services.
A meeting of the Economic Coordination Committee was held under the chairmanship of Finance Advisor Abdul Hafeez Sheikh.It approved the setting up of an advisory committee for the next-generation mobile services spectrum, comprising ministers for IT, industry and manufacturing, planning, and trade, headed by a financial adviser.
According to the statement, the committee will review issues related to 5G services and make recommendations to the Pakistan Telecom Authority (PTA), while the ECC has also approved amendments to the decision for the new Pakistan Housing Authority.
The meeting also approved the Terms of Reference of the committee (ToRs) including examining and evaluating the market assessment report and recommendations of the Pakistan Telecommunication Authority (PTA) for release of maximum NGMS spectrum in Pakistan.
It will also examine and finalise the policy directives for the federal government for the release of NGMS spectrum in Pakistan. The committee will oversee the release process to be conducted by PTA.
According to the new decision, over Rs 33 billion will be on markup subsidy for 10 to 20 years and a supplementary grant of Rs 4.77 billion will be provided in the form of markup for the financial year.
The ECC has approved rates for electricity and RLNG for the export sector, while the traditional rates will be on the work done by the Power Division during July and August.Electricity will be supplied to the export sector at 7.7 per kilowatt for July and August.
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