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

TechnologyPTA receives Rs 15.82 billion as 2nd instalment of license renewal fee...

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).

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.

Must read

Recent News

PM Shahbaz expresses strong desire to revive Pakistan-Germany partnership

0
ISLAMABAD, Pakistan: The German Federal Minister for Economic Cooperation and Development Svenja Schulze met Prime Minister Shahbaz Sharif at the Prime Minister's House in...

PM launches Buna-Raast Connectivity Project to streamline remittances from Arab world to Pakistan

0
ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif on Thursday launched Buna-Raast Connectivity Project in Islamabad to streamline remittances from the Arab world to Pakistan. The...
Monal Restaurant in Margalla National Park shows how the Superclass manipulates rules in Pakistan

Monal Restaurant in Margalla Hills National Park shows how the Superclass manipulates rules in...

0
Islamabad, Pakistan: The saga of Monal Restaurant in Margalla Hills National Park is a textbook example of how the Superclass manipulates rules to benefit...

USD to PKR: USD Dollar Rate in Pakistan Today – 22 August 2024

0
The US Dollar (USD) was being bought and sold at Rs 279.6 and Rs 280.3 in the Open Market against the Pakistani Rupee (PKR)...

Gold Price in Pakistan Today – 22 August 2024

0
On Thursday (August 22, 2024), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 261,450.000.It's important to note that gold...
Advertisement