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PTA receives Rs 15.82 billion as 2nd instalment of license renewal fee from Telenor & Jazz

ISLAMABAD, Pakistan: The Pakistan Telecommunication Authority (PTA) has received Rs 15.82 billion (the equivalent of US$ 103.17 million) against the second installment of License Renewal Fee from two Cellular Mobile Operators (CMOs); Telenor Pakistan and Pakistan Mobile Communication Limited (Jazz).

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The amount is being deposited in the Federal Consolidated Fund (FCF) as per practice under Pakistan Telecom Re-organization Act 1996.

The PTA has so far deposited Rs 135.81 billion (the equivalent of US$ 862.22 million) with the government, received against 50% of the total License Renewal Fee and first installment of the same from three CMOs.

With the amount of the second installment received from two CMOs now, the total receipts on this count have become Rs 151.63 billion (US$ 965.39 million).

The second license renewal fee installment of CMPAK (ZONG) for US$ 54.086 shall be due in October 2021.

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