International Clearing House (ICH) Board Meeting at PTCL H/Qs Islamabad

2nd International Clearing House (ICH) Board Meeting held at PTCL

Islamabad (October 24, 2012) –  The Second round of International Clearing House (ICH) Board meeting was held at Pakistan Telecommunication Company Limited (PTCL) HQ’s in Islamabad on 23rd October, 2012.

International Clearing House (ICH) Committee members in a group photo after 2nd ICH Board Meeting held at PTCL HQ’s Islamabad

PTCL Senior Executive Vice President (SEVP) Corporate Development, Sikandar Naqi welcomed the participants of the meeting. In the first session, the ICH board deliberated on agenda items including the ICH business for the last 21 days and approvals were accorded regarding matters pertaining to ICH business.

In the second session, a presentation was made to Secretary Ministry of Information Technology Mr. Amir Tariq Zaman Khan and his team comprising Member Law and Member Telecom. The ICH Committee apprised the participants regarding the performance of ICH since its inception.

ICH has earned valuable foreign exchange during the first 21 days of ICH business. ICH has also generated huge funds for development funds to be allocated to Universal Service Fund (USF). The resulting increase in revenue will lead to an increase in Income Tax which will be paid to the Government of Pakistan by LDI operators.

All the participants appreciated the increase in foreign exchange inflow and stabilization of Government of Pakistan approved settlement rate for international traffic terminating in Pakistan. The ICH board also accorded approvals regarding appointment of independent auditors and other matters pertaining to ICH business.

A question answer session was also held with Secretary MoIT and his team to deliberate on the opportunities and challenges with regards to ICH.

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