The government has budgeted Rs50 billion for 3G/4G license renewal under the head of non-tax revenue for the next fiscal year 2022-23.

Govt may collect Rs50bn from 3G/4G License Renewal

Govt may collect Rs50bn from 3G/4G License Renewal , According to the budget documents 2022-23, under the head of income from property and enterprise (Pakistan Telecommunication Authority (Surplus), the government has projected to generate Rs9 billion in the upcoming fiscal year against the budgeted Rs4 billion for the outgoing fiscal year which was later revised to Rs3 billion for 2021-22.

Pakistan Telecommunication Authority (PTA) is mandated to regulate the establishment, operation and maintenance of telecommunication systems and provision of telecommunication services in Pakistan, to dispose of applications for the use of radio-frequency spectrum, to promote and protect the interests of users of telecommunication services in Pakistan

To promote the availability of a wide range of high quality, efficient, cost-effective and competitive telecommunication services throughout Pakistan, to promote rapid modernization of telecommunication systems and telecommunication services, to investigate and adjudicate on complaints and other claims made against licensees arising out of alleged contraventions of the provisions of the Act, the rules made and licenses issued thereunder and take action accordingly. It is pertinent to mention that PTA receives fees for the issuance and renewal of various telecom licenses. It also imposed fines, and penalties for violations.

Source: This news is originally published by profit.pakistantoday

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