He started his briefing by hitting his predecessor government of PPP who was not able to auction the licenses. He said that in 2010 it was decided to sell the license for Rs 50 billion according to budget estimates. The in 2011, it was decided to sell this spectrum for Rs. 75 billion. He also mentioned the target of selling the licenses for 3G of Rs. 79 billion according to budget of 2012-13. He went to tell that when we took over Government last year, Ministry of IT assessed that about 120 billion can be raised by auctioning the licenses. He told that due to the delay caused by previous government, industry and technology sector of country suffered badly.
He went on to add that government formed an auction supervisory committee that took over the control for auction of these licenses after Prime Minister formally issued policy directive for auction of 3G licenses.
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