Under New Broadband Policy, the Ministry of IT has set a revenue target of $20 billion by 2025

Under New Broadband Policy, the Ministry of IT has set a revenue target of $20 billion by 2025

The Ministry of Information Technology and Telecommunications has published the “National Broadband Policy 2021,” which aims for a $5 billion investment and $20 billion revenue contribution from digital/broadband development by 2025.

In the following four years, the draught policy anticipates a contribution of up to 8% to GDP from digital/broadband development.

One of the draught policy’s goals is to ensure that everyone in tier-2/3 cities has access to high-speed internet, with an average per-user internet speed of 50Mbps in large cities, and to provide digital bank accounts to 75 percent of internet users by 2025.

The proposed policy tries to address some of the specific issues:

The policy envisioned to support the “Digital Pakistan” effort is critical in forming a policy vision that is user-centric, market-oriented, simple to govern, and all-inclusive in nature, creating a strong foundation for quickly addressing lingering challenges and exploring new prospects.

The National Broadband Policy-2021 aims to; “revitalize the state of telecommunication by accelerating the efforts for digital inclusion of every citizen in any corner of the country to gain universal access to high-speed affordable internet, enhance the use of digital space by providing equal opportunity for socio-economic wellbeing in a safe, responsible and healthy environment through evolving policy and regulatory measures required for timely and sustainable adoption of cutting edge technologies and digital infrastructure”.

To read our blog on Broadband and connectivity are becoming engines of economic growth in Pakistan, click here.

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