Home News NTC to Contribute Rs.3.274bn by End of Fiscal Year 2015

NTC to Contribute Rs.3.274bn by End of Fiscal Year 2015

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NTC to Contribute Rs.3.274bn by End of Fiscal Year 2015

On Wednesday, standing committee of the Senate was briefed that the National Telecommunication Corporation (NTC) had been estimated to make Rs3.274 billion dividend from services by the end of fiscal year 2015.

The NTC director general revealed that the total revenue by the end of the present financial year was anticipated to reach Rs3.274 billion, whereas operating figures were expected to touch Rs3.111 billion. The NTC was expecting to make a profit of Rs163 million in the prevailing financial year.

NTC to Contribute Rs.3.274bn by End of Fiscal Year 2015

Also Read: NTC Signs MoU with RTP to Offer Modern Broadband Services

The representatives, which met Senator Shahi Syed in the chair at the Parliament House, was informed that the NTC would generate profit from various sources including telephone revenue Rs1.665 billion, DATA services Rs545 million, WLL telephone Rs87.64 million, International Gateway Revenue Rs162.14 million, Interconnect revenue Rs8.15 million, co-location revenue Rs347.55 million, rent of circuits Rs6.87 million, revenue on incoming international calls Rs3.38 million, local access connectivity revenue Rs2.53 million, joint venture revenue VSAT Services Rs8.718 million, miscellaneous receipts Rs12.64 million and other income Rs334 million.

The NTC official revealed that the corporation was presenting a portable system, which would be accessible from any place. The committee acknowledged the accomplishment of the NTC and advised it to become more inventive and extend its facilities beyond the bounds of government departments.

The committee also got briefings from the NTC, Telecom Foundation (TF), Universal Service Fund (USF) and the National ICT R&D Fund about their expense, sources of profit and projects. The Telecommunication Foundation informed the committee that up till now they had placid income of Rs296.5 million and its total expenditure was Rs253.1 million. The profit produced was used to run 12 schools for the children of the PTCL employees with less income.

USF also briefed the committee that their source of revenue is the 1.5% share they get from the telecom companies from their entire revenue. CEO USF Co Mr. Faisal Sattar, informed the committee that the fund collected was used to offer telephone and Internet facilities to underserved areas of Pakistan. It also elucidated that the left over fund was held as a trust by the government and was not used for any other development prospects.

The National ICT R&D Fund also functions on the markings of the USF and get 0.5% from the revenue generated by various telecommunication companies. The management was going to inaugurate technology incubation center in Islamabad to advocate research in the country.

Also Read: Telecom Sector Contributes Rs.745bln to National Exchequer: PTA