Telecom revenues rise to Rs. 694b in 2021-2022: PTA

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The telecom sector’s outstanding progress has resulted in a record-high revenue of Rs. 694 billion generated in the Financial Year 2021-2022 said the annual report of PTA.

Pakistan Telecommunication Authority (PTA) Annual Report 2022 released here Wednesday, said that the telecom, sector attracted an investment of US$ 2,073 million during the same period and contributed Rs. 325.2 billion to the national exchequer of which Rs. 222.7 billion werein the form of taxes and the remaining Rs. 102.5 billion were proceeds from Next Generation Mobile Services (NGMS) auction and license renewals.

The report highlights encouraging telecom statistics and expanding usage of telecom services across Pakistan due to a progressive and enabling regulatory environment despite a challenging year marked by rising inflationary pressures and profitability concerns.—APP