ISLAMABAD: The Ministry of IT and Telecom has acknowledged key demands of the telecom sector in its policy directive for the auction of next-generation mobile spectrum by fixing the dollar rate and determining interest rates based on benchmarks issued by the State Bank.

Following the issuance of the policy directive, the Pakistan Telecommunication Authority (PTA) is expected to release the information memorandum (IM) for telecom operators and new entrants to participate in the upcoming spectrum auction.

Under the policy framework, spectrum fees have been fixed in dollars, while the exchange rate will be determined at the closing National Bank of Pakistan’s TT selling rate prevailing on the day preceding the auction date.

A minimum of 50 per cent of the spectrum........

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