Government receives licence renewal fee from two telecos : AsiaNet-Pakistan

Government receives licence renewal fee from two telecos

September 3, 2019 | Official News, Press Information Department | Share:

Islamabad, September 03, 2019 (PPI-OT): The Government of Pakistan has received payment amounting to US$ 224.6 million and Rs 35.262 billion (equivalent of US$ 224.6 million) from two cellular companies respectively as their licence renewal fee, says a press statement issued by the Ministry of Finance today. According to the statement, the license renewal fee of telecom companies collected by Pakistan Telecommunication Authority is a significant source of non-tax revenue for the federal government.

Due to stay orders given by the apex court, the collection of this renewal fee from two telecom companies which was budgeted in previous fiscal year had been delayed. However, with the efforts of the Adviser to Prime Minister Dr Abdul Hafeez Shaikh, his team led by Secretary Finance and Pakistan Telecommunication Authority, due payment from the two companies has now been received by the government.

For more information, contact:
Principal Information Officer,
Press Information Department (PID)
Tel: +92-51-9252323, +92-51-9252324
Fax: +92-51-9252325, +92-51-9252326
Email: piopid@gmail.com
Website: www.pid.gov.pk

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Category: Official News, Press Information Department