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PTA Report: Telecom Investments and FDI Decline Amid Economic Uncertainty
- Pakistan's telecom industry experienced a significant drop in FDI and overall investments during the fiscal year 2023-24, as per the PTA's annual report.
- Foreign direct investment (FDI) was down 21% to $46mn, which is a third consecutive year of decline.
- Investments in the industry have surpassed $3.63bn in the last five years, but fell from $770mn in 2023-24 to $765mn in the most recent year.
- ARPU in Pakistan hit Rs 276 ($1.75) per month in 2023-24, up from 229 rupees ($1.45) the year before.
- Broadband and digital services are becoming increasingly important in boosting profitability.
- Key hurdles to 5G deployment in Pakistan are detailed in the PTA report, including high investment costs, low return on investment and a lack of available phones.
- The telecom sector saw a significant spike of 173% in phishing assaults in 2023–24, making it the seventh most targeted sector globally for phishing attacks.
- Despite these obstacles, the PTA's chairman emphasized their commitment to supporting technological progress in Pakistan.
- Efforts to create a digitally inclusive Pakistan were also highlighted by the state minister of information technology and the chairman of the Senate.
- The PTA will not blacklisted VPNs and does not know what to say about shutting down the internet for national security reasons.
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