Chairman Pakistan Telecommunication Authority (PTA) Maj Gen (Rtd) Shehzada Alam Malik Wednesday said that telecommunication sector especially mobile sector, has witnessed tremendous growth in Pakistan during the last 5 years.
PTA has always welcomed initiatives that are positive for the industry and the nation and due to PTA's Policy mobile phone is in the reach of common man and that is why there are more than 80 million mobile users in Pakistan.
"This growth rate is exceptional even by international standards", he said while addressing First International Mobile Commerce Conference as Chief Guest.
PTA, Shahzada Alam said, always plays the role of a facilitator rather than a strict watchdog.
CEO Telenor Tory Johnson, MD Citibank Zubair Soomro, Executive Director State Bank Jameel Ahmed, Barrister Zahid Jameel and Basheer Sheikh also addressed.
Shehzada Alam said that Mobile Banking is the demand of this age and is very beneficial for the economy. Mobile coverage is available all across the country, he added.
He said Mobile Phone has changed the lifestyle of people and now people use mobile not only for just talking but also for transferring data.
He ponted out that due to mobile phone, Internet and television is on one person's palm and mobile banking will allow entire population to obtain banking services even in uncovered and farflung area.
He said "there is a risk of fraud but it does not mean that we should allow delays in this regard".
However it is necessary to enforce laws to mitigate the risk of fraud. State Bank has already published rules and regulations in this regard, he added.
He said Karachi is the commercial hub but Islamabad is the hub of Telecommunications. The age ahead is an age of mobile banking and mobile commerce. "We have to be ready to meet the international challenges and today's conference is an evidence that we are ready to face future challenges".