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Tax revenue from telecom sector increased to Rs582.95b in last 3.5 years

Tax revenue from telecom sector increased to Rs582.95b in last 3.5 years

ISLAMABAD: The tax revenue collected from the telecom sector has increased to Rs582.95 billion in the last 3.5 years.

The official from Pakistan Telecommunication Authority (PTA) further revealed year-wise revenues with the media and that: “The sector added Rs243.28 billion during the fiscal year 2013-14, Rs126.26 billion in 2014-15, Rs159.65 billion during 2015-16, and Rs53.76 billion in the first two quarters of 2016-17.”

In this regard, there is no doubt that PTA has worked hard to provide latest technologies to the customer in Pakistan while also supporting the mobile operators in this cause.

The official added that: “The contributions comprised all the PTA receipts including initial and annual license fees, annual radio frequency spectrum, spectrum administrative fee, universal service fund (USF) and research & development fund contributions, numbering charges, license application fee, custom duties, withholding tax (WHT) etc.”

Whereas, IT remittances have also showed 97% increase as compared to the last four years. Also the IT exports of Pakistan have crossed around $2.8 billion figure just in 1 year.