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Smart Phones Purchase with Interest-Free Installment Service Introduced by IT Minister

The government’s most recent initiative to make technology more widely available has made buying cell phones significantly simpler.

The “Smartphone For All” project, which would let individuals with modest incomes purchase mobile phones through simple installments, was introduced recently in Islamabad by Federal Minister of IT and Telecom Syed Amin Ul Haque.

Federal Minister for IT and Telecommunication Syed Amin Ul Haque addressing launching ceremony of 'GSMA Smartphone for All' in #Islamabad on November 23, 2022.#MOITT #SmartPhone4All #Conectivity #Internet pic.twitter.com/o64CGyhMtF

— Ministry of IT & Telecom (@MoitOfficial) November 23, 2022

The project was started in association with the GSMA and KistPay, the fastest-growing installment payment provider in Pakistan.
Julian Gorman, the GSMA’s Head of Asia Pacific, also spoke at the event in addition to Amin Ul Haq. Janet White, the head of policy, Major General (R) Aamir Azeem Bajwa, the chairman of the Pakistan Telecommunication Authority (PTA), Asif Jafri, the CEO of KistPay, and the CEOs of Ufone, Jazz, Telenor, and Special Communication Organization (SCO) were also present at the inaugural event.

Asif Aziz, CCO Jazz, said that the government discontinue the import and local production of 2G phones, prioritize the local assembly of 4G-enabled smartphones, develop and implement a regulatory cover that allows telecom companies to offer smartphones on installments, and lower withholding tax on essential telecom services from 15% to 8% in order to help an additional 50 million people make the switch to mobile broadband over the next three years. This will accelerate the adoption of digital technology and greatly expand the general public’s socioeconomic options.

Amin Ul Haq, a federal minister, said during remarks at the ceremony that anyone can buy a mobile phone by paying 20 to 30 percent of the device’s total price. He said that simply the ID card would be enough to finalize the sale, eliminating the need for any assurances or extensive paperwork.
He added that phones priced between 10,000 and 100,000 rupees would initially be delivered over a period of three to twelve months. Modern software will be utilized in the gadgets, which won’t cost money and won’t be used anyplace else in the globe.

The plan’s objective, according to Amin Ul Haq, is to increase everyone’s access to phones while simultaneously introducing small companies to e-commerce as a mean to improve industry’s potential.

The scheme has been introduced, the minister continued, to guarantee the availability of smartphones with improved connectivity. In order to provide connectivity throughout the entire nation, more than 70 projects of Rs.65 billion are currently in development.

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November 25, 2022 Web Producer
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