Interest-free govt loans launched for smartphone seekers

Syed Amin Ul Haq, Federal Minister for Information Technology and Telecommunications, announced an interest-free instalment plan for purchasing smartphones.

According to details, the smartphone-for-all scheme was created for low-income people who cannot afford to pay a large sum of money all at once.

The initiative was launched by the IT ministry in partnership with GSMA and Pakistani start-up QisstPay.

In his remarks at the ceremony, federal minister Amin Ul Haq stated that under the scheme, anyone can obtain a Smartphone easily by using their CNIC, without the need for any lengthy documentation.

Smartphones worth Rs. 10,000 to Rs. 100,000 will be distributed in three to twelve-month instalments in the first phase.

Earlier, Syed Aminul Haque, Federal Minister for Information Technology and Telecommunications, urged Meta, the parent company of Facebook, to establish its office in Pakistan.

In a series of tweets, the Ministry of IT & Telecom shared that the minister met a high-level delegation from Meta in Romania. Some 186 ministerial delegations have gathered in Bucharest, Romania for the Ministerial Conference of the International Telecommunication Union

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