Telecom Contribution to National Exchequer Increases by Rs 157.8 B in FY16

With the launch of 3G and 4G services in Pakistan, there is no doubt that the telecom sector of Pakistan is witnessing boom with each passing day. The report of FY16 issued by Pakistan Telecommunication Authority (PTA) indicates the same. It shows an increase of Rs 126.3 billion during Fiscal Year 2014-15 (FY15) to Rs 157.8 billion in FY 16. Telecom Contribution to National Exchequer Increases by Rs 157.8 B in FY16.

Also the Government collection have increased by 25% along with telecom revenues that have also increased to 1.47% in the FY 16; which is something very good and clearly indicates that the Pakistan’s telecom industry has huge potential.

Telecom Contribution to National Exchequer Increases by Rs 157.8 B in FY16

The PTA report also highlighted:

“In the reported period the telecom sector continued to grow positively in terms of subscriptions, revenues and tele-density. Broadband penetration has increased to 18.3% from just 2% in the year 2014. ICT solutions, being offered on mobile broadband, are making a big difference in every walk of life. Hundreds of billions of rupees are being sent and received over the mobile money channels by the people of Pakistan. In FY 2015-16, the amount transacted through the Mobile Banking was Rs. 1,492 billion.”

A part from growth figures, the PTA report also focused on cost-effective and innovative solutions that are offered in different areas including e-commerce, e-health, online education and  governance sectors. Recently, Telenor Pakistan also acquired 4G license and has started offering 4G services in Pakistan.

Also Read: Telecom Contribution to National Exchequer Increases from Rs. 126.3 billion to Rs. 157.8 billion in FY 2015-16