Pakistan to launch smartphone installment programme for all citizens soon

03:14 PM | 2 Nov, 2023
Pakistan to launch smartphone installment programme for all citizens soon
Source: File Photo

ISLAMABAD – Caretaker Minister for Information Technology and Telecommunication Dr Umar Saif said a programme to provide smartphones to citizens on monthly installments will be launched soon.

The minister in a statement said the ministry would send policy directives to the Pakistan Telecommunication Authority (PTA) in some days. He stated this during a meeting with officials of PTA, cellular operators and GSMA.

He said the consultation with all stakeholders had almost been completed, adding that the policy directives will be issued in light of their recommendations.

He said cellular operators, banks and investment companies had showed interest in smartphones financing programme. However, he stressed on formulating a mechanism to save the interested organisations from losses.

Saif said smartphones of those who would not pay their installments will be blocked, adding that a proposal to block the CNIC of the consumers was also under consideration.

Meanwhile, the IT minister held a meeting with Senate delegation from Rwanda. He said Rwanda has a great phones-for-all policy and could be a great export market for 33 cellphone manufacturers who are making phones in Pakistan. Over 10 million phones made in Pakistan have already been exported to African markets.


PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 21 Feb 2024

Pakistani currency remains stable against US dollar and other currencies in the open market on February 21, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300 for buying and 303 for selling while British Pound rate stands at 350.5 for buying, and 354 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 21 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300 303
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 76.15 76.9
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08


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