Two Cellular Mobile Operators (CMOs), Telenor Pakistan and Pakistan Mobile Communication Ltd, have paid Pakistan Telecommunication Authority (PTA) Rs 15.82 billion (USD 103.17 million) as the second installment of license renewal fee (Jazz).
According to a PTA official handout, the money will be put in the Federal Consolidated Fund (FCF) as required by the Pakistan Telecom Reorganization Act 1996.
PTA has so far deposited Rs 135.81 billion (USD 862.22 million) with the government in exchange for 50 percent of the entire license renewal price and the first installment from three CMOs. The second installment has now been received from two CMOs, bringing the total revenue on this count to Rs 151.63 billion (USD 965.39 million). CMPAK ZONG’s license renewal fee installment of USD 54.086 is due in October 2021.
The government had previously collected $238.6 million (Rs 37.16 billion) in non-tax revenue as a license renewal fee from China Mobile (CM Pak). In September 2019, Telenor Pakistan and Jazz each paid $224.6 million (Rs 35.262 billion) as their license renewal price (half of the amount as per court order).
The government granted the renewal of licenses for two mobile operators, Jazz and Telenor Pakistan, for roughly $450 million apiece, while CM Pak will have to pay $470 million.
