Telecom Sector Adds Rs 582.95 Billion as Tax Revenue in Last 3.5 years

The telecom sector of Pakistan has no doubt witnessed a huge boom in last couple of years mainly due to the launch of 3G/4G services in the country. This has enabled the Government of Pakistan (GoP) to earn good revenues. A recent news revealed by an official working in the telecom sector showed that Telecom Sector Adds Rs 582.95 Billion as Tax Revenue in Last 3.5 years.

Telecom Sector Adds Rs 582.95 Billion as Tax Revenue in Last 3.5 years

The official from PTA further revealed year-wise revenues with the media and that:

“The sector added Rs243.28 billion during the fiscal year 2013-14, Rs126.26 billion in 2014-15, Rs159.65 billion during 2015-16, and Rs53.76 billion in the first two quarters of 2016-17.”

In this regard, there is no doubt that Pakistan Telecommunication Authority (PTA) has worked hard to provide latest technologies to the customer in Pakistan while also supporting the mobile operators in this cause.

The official added that:

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“The contributions comprised all the PTA receipts including initial and annual license fees, annual radio frequency spectrum, spectrum administrative fee, universal service fund (USF) and research & development fund contributions, numbering charges, license application fee, custom duties, withholding tax (WHT) etc.”

Whereas, IT remittances have also showed 97% increase as compared to the last four years. Also the IT exports of Pakistan have crossed around $2.8 billion figure just in 1 year.

Recommended: IT Remittances Witnesses Growth of 16.4 % in IT & ITeS Export: PSEB

Keeping in view this development, we expect that with the launch of 5G by the end of 5G will further open the doors of opportunities for Pakistan; which will ultimately benefit the mobile users in the country. Additionally, this will make Pakistan a true digital country in the region with the introduction of such innovative technologies.

Recommended: Pakistan to Test 5G Mobile Broadband Services by 2020

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