KARA CHI - Chairman Pakistan Telecommunication Authority (PTA) Dr Mohammed Yaseen has been selected as best Telecom Leader for the Year 2010. He received award as Visionary Telecom Leader 2010 at 4th International Mobile Commerce Conference-2011 held at local hotel here on Wednesday. The conference was attended by CEOs of banking and telecom companies. Addressing to the conference as chief guest, Dr Mohammad Yaseen said that PTA has been working with State Bank on third party regulations and we would be able to come up with these regulation this year. He said that mobile money is still in its emerging phases, there is consensus that regulations must be implemented gradually and designed to evolve as the industry expands and matures an approach that seeks to respond to risks in the mobile money space as they emerge. Our Regulatory responses should then be proportional to the risks. He said that World Bank study reveals that only 12pc of the adult population of Pakistan has access to formal banking services. Only 24 million people in Pakistan have bank accounts. Today only technology in Pakistan can bridge the digital divide.