3G Auction may Attract $1 Billion: Said by Governor SBP | InfoZonePK

The auction of 3G license in Pakistan can attract more than one billion dollars as against a minimum target of $850 million, resulting positive impacts on economy mainly to contain a widening fiscal deficit of the country, it was said by Governor – State Bank of Pakistan (SCB) Mr. Yaseen Anwar.

In a press conference for the announcement of monetary policy, he appreciated the government efforts for auction of 3G license in the telecommunication sector as a positive development could help in containing the potential fiscal slippage.

He further said that the government’s projected privatization proceeds of $800 million of Pakistan Telecommunication Company Limited (PTCL) will add handsome financial inflows to the state kitty along with different sources such as issuance of $500 million euro bonds and $800 million from Coalition Support Fund.