950825

Japan to extend

Rs 463m for

PTC network

expansion

RECORDER REPORT

MULTAN: Japan has agreed to provide financial and technical assistance of Rs.463 million to Pakistan Telecommunication Corporation (PTC) for expansion of telex network project in the country. Official sources said that after completion of this project, all pending applications of connection seekers would be disposed of, because a number of digital telex exchanges are being set up in major cities.

Sources further said that Asian Development Bank (ADB) was providing Rs.785.61 million for third telecommunication project while Germany would provide financial and technical assistance of Rs 1151.569 million for fifth telecommunication project, under which a number of digital exchanges would be established in less developed areas and more than 50,000 telephone connections would be given to applicants. France has agreed to impart training with financial assistance of over Rs. 513 million, sources revealed.