Letters of credit (LCs) limits for the telecom sector are insufficient, causing difficulties in importing equipment, according to IT & Telecom Minister Syed Amin-ul-Haque
While speaking at the 44th Policy Committee meeting of the Universal Service Fund (USF), IT & Telecom Minister Syed Amin ul Haque warned the government and consumers about disruptions in service caused by the bans on imports of crucial equipment.
“Many areas fear service disruptions without much-needed technical parts,” he said.
A problem with the import of upgraded equipment is caused by the current LC (Letter of Credit) limit set by the government of Pakistan, according to the IT Minister. According to him, these problems are negatively impacting both the IT and telecom industries.
There are difficulties in importing parts and equipment due to limited permissions from LCs, which may also result in delays in projects for the provision of 4G services in far-flung areas of the country, said Haque.
IT and telecom companies have been complaining about the lack of imports of necessary equipment. Without importing this equipment, these companies cannot operate or offer services at a much lower level.
The IT Minister will now set up a meeting with the Ministry of Finance and explain the severity of the situation.
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