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PAKISTANI TELECOMS SECTOR EXPECTS US$15 BLN CASH INJECTION.

AsiaPulse News

| June 02, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

LAHORE, June 2 Asia Pulse - Pakistan expects to receive an injection of US$15 billion once the country's telecommunications sector is deregulated.

However, this massive injection of foreign investment would not come soon because the government is yet to announce the telecoms deregulation policy.

This was stated by Pakistan Telecommunication Authority (PTA) chairman Major General Shahzada Alam Malik (Retd.) while talking to a group of journalists on Friday.

Malik said the estimation of foreign investment in Pakistan's telecoms sector was made in a study conducted by Merrill Lynch.

"The figure of US$15 billion, according to some, is on the higher side. However, if the opportunity of deregulation is exploited properly, the ...

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Source: HighBeam Research, PAKISTANI TELECOMS SECTOR EXPECTS US$15 BLN CASH INJECTION.

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