Telecom revenues surge 8.8pc to Rs644b in 2021

38

The stellar progress of the telecom sector has resulted in highest-ever revenue of Rs644 billion generated in fiscal year 2021, compared to Rs592 billion in the previous year, showing a growth of 8.78 percent.

As per Pakistan Telecommunication Authority (PTA) Annual Report 2021, the sector also attracted $202 million in the shape of Foreign Direct Investment (FDI) and contributed PKR 226 billion to the national exchequer.

With successful spectrum auctions and license renewals in Pakistan, and Azad Jammu & Kashmir (AJ&K) and Gilgit-Baltistan (GB) during the period, an amount of $486 million (FY 2021-till date) has been generated. Broadband services reached a remarkable milestone of 100 million subscribers in March 2021.—TLTP

 

Previous articlePlastic material export increases 18.29% in 7 months
Next articleBitcoin jumps 16pc to $44,665 as cryptos recapture $2tn cap