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IT Minister Launches Interest-Free Installment Services to Buy Smartphones in Pakistan

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IT Minister Launches Interest-Free Installment Services to Buy Smartphones in Pakistan

The government’s most recent initiative to make technology more widely available has made buying cell phones much easier.

Federal Minister of IT and Telecom, Syed Amin Ul Haque unveiled the “Smartphone for All” project today in Islamabad, which would enable people with low incomes to purchase mobile phones through easy installments.

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The project was started in association with the GSMA and KistPay, the fastest-growing installment payment provider in Pakistan.

Along with Amin Ul Haq, Julian Gorman, the GSMA’s Head of Asia Pacific, also spoke at the occasion. Asif Jafri, the CEO of KistPay, Janet White, the head of policy, Major General (R) Aamir Azeem Bajwa, chairman of the Pakistan Telecommunication Authority (PTA), CEOs of Ufone, Jazz, Telenor, and Special Communication Organization (SCO), among others, were all present at the opening ceremony.

During remarks at the ceremony, Amin Ul Haq, a federal minister, said that anyone can join the program and buy a mobile phone by paying 20 to 30 percent of the total cost of the device. He said that simply having the ID card would be enough to make the sale, eliminating the need for any assurances or lengthy paperwork.

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He added that initially, phones costing between 10,000 and 100,000 rupees would be delivered over a three- to twelve-month period. The devices will make use of contemporary software, which won’t cost any money and won’t be used anywhere else in the world.

Amin Ul Haq claims that the strategy aims to improve phone accessibility for the general public while also introducing small businesses to e-commerce as a way to capitalize on the potential of the sector.

The initiative has been put in place, the minister continued, to ensure that cell phones with better connectivity are readily available. In order to provide connectivity across the entire country, more than 70 projects costing a combined Rs. 65 billion are currently under construction.

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