Due to shortage of time and non-finalization of summary, Federal Cabinet was not able to approve the modalities for the auction of 3G licenses, reported Daily Times.
Earlier it was reported that policy for auction of 3G licenses had reached the federal cabinet for the final approval of the bidding plan and further execution of 3G rollout in the country.
However, there was not enough time to finalize and then to get the 3G policy approved.
No further deadline was mentioned for the approval of 3G license auction.
After the Cabinet meeting, Federal Minister for Finance Dr Hafeez Shaikh confirmed that very short time was available for finalization of the summery and due to this, issue could not be taken up at Federal Cabinet meeting.
However, the minister was of the view government was committed to move forward quickly and complete the process within specified period (which he didn’t specify).