Launch of iPhone Installment Plan in Pakistan from Jan 12, 2024

Breaking News: Pakistan’s caretaker Government announces the launch of an iPhone installment plan, starting January 12, 2024. This initiative, led by Information Technology Minister Umar Saif, aims to empower freelancers and boost smartphone usage.

The caretaker government of Pakistan has announced a new initiative to launch an iPhone installment plan starting January 12, 2024. This plan is specifically aimed at freelancers and is part of a broader strategy to encourage responsible financial behavior and increase smartphone penetration in the country.

Umar Saif, the Caretaker Federal Minister for Information Technology, stated that this decision was made in response to strong demand from freelancers. The plan will enable them to purchase iPhones on easy installment terms, thereby facilitating their work and potentially increasing remittances through PayPal, an international payment gateway.

Additionally, the government has ambitious plans for technological advancement. July of the next year is set for the launch of 5G technology, accompanied by an auction of 300 MHz of spectrum. This move is expected to significantly boost high-speed connectivity throughout Pakistan.

In another major development, the Cabinet has approved the National Space Policy, which will allow private sector companies to utilize low orbit satellites. This policy opens new avenues for private sector involvement in space-related activities.

Parallel to these technological initiatives, the government, in collaboration with telecom stakeholders, will launch a program on January 12, 2024, for the acquisition of the latest model phones through installment plans. The Pakistan Telecommunication Authority (PTA) will enforce the Device Identification, Registration, and Blocking Systems (DIRBS) to ensure compliance and block handsets in case of installment payment defaults.

This comprehensive policy, as explained by Umar Saif, aims to promote responsible financial practices among consumers and expand the reach of mobile broadband, particularly to lower-income groups. Telecom companies will be instrumental in this process by offering smartphones directly to consumers through installment plans.

Irfan Tariq

My name is Muhammad Irfan Tariq I am currently part of different websites and news agencies. I am interested in… More »

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