ISLAMABAD, Pakistan: Highlighting the historical importance of Telephone Industry of Pakistan (TIP), the Federal Minister for Power Omar Ayub Khan on Tuesday decided to revive TIP on modern parameters making it a profitable entity.
In a meeting with the meeting with Federal Minister for Information Technology and Telecommunication Dr. Khalid Maqbool Siddiqui in Islamabad, Omar Ayub said that due to sheer negligence and mismanagement the revenue of this profitable industry has decreased drastically causing massive unemployment.
Highlighting the importance of revival and revitalization plan, he informed that TIP can be used for local manufacturing of mobile phones, smart meters and other electronic equipments.
Omar Ayub said that it would not only bring significant increase in the revenue but also uplift the standard of living of the people.
Khalid Maqbool Siddique informed that several companies and investors have expressed keen interest to invest in TIP.
During the meeting, the decision was made to revive and revitalize Telephone Industry of Pakistan and concerned authorities were directed to present viable proposals immediately and transform this Industry into a value added industry.