Pakistan IT Minister Launches Interest-Free Installment Service for Smartphone Purchases

Buying a mobile phone has become much easier thanks to the Pakistan government’s latest move to make technology easier for the public to access.

Federal Minister of Telecommunications

The Federal Minister of Telecommunications and IT, Syed Amin Ul Haque, today launched the “Smartphones for Everyone” initiative in Islamabad, which will enable low-income people to buy mobile phones in the form of easy installment payments.

This initiative is launched in partnership with GSMA and QisstPay, Pakistan’s fastest growing installment service.

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Pakistan IT Minister Launches Interest-Free Installment Service for Smartphone Purchases

Pakistan Telecommunications Authority (PTA)

In addition to Amin Ul Haq, GSMA Asia-Pacific Director Julian Gorman spoke at the event. Policy Officer Janet White, President of Pakistan Telecommunications Authority (PTA), Major General (R) Aamir Azeem Bajwa, Asif Jafri of KistPay, and CEO of Ufone, Jazz, Telenor and Special Communications (SCO) also attended the launch ceremony.

Speaking at the Ceremony, Federal Minister Amin Ul Haq said that under this scheme, anyone can get a mobile phone by paying 20-30% of the total cost of the device. He says there’s no need for a mortgage or lengthy paperwork to get a cell phone; instead, the sale can be concluded by ID only.

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He further announced that phones worth Rs. 10,000 to Rs. 100,000 will initially be distributed in batches of 3 to 12 months. These devices will have state-of-the-art software, are free of charge, and cannot be used anywhere else in the world.

Amin ul Haq

Amin Ul Haq explains that the aim of the program is to make phones more accessible to the masses while introducing small businesses to e-commerce as a way to unlock the potential of the industry.

The minister Added that the program is been launched to ensure the availability of smartphones with improved connectivity. Currently, more than 70 projects worth 65 billion are being implemented to provide connectivity to all parts of the country.