ISLAMABAD – A good news for Federal government Revenues and economy as PTIgovernment has received payment of $260 million from telecom industry.
The government has received a payment of $224.6 million from Telenor andRs35.262 billion from Jazz as partial settlement of the licence renewalfee, a statement issued by the Ministry of Finance said on Tuesday.
According to the statement, the licence renewal fee of telecom companiescollected by the Pakistan Telecommunication Authority is a significantsource of non-tax revenue for the federal government.
Due to the stay orders given by the apex court, the collection of thisrenewal fee from two telecom companies, which was budgeted in the previousfiscal year, had been delayed. “With the efforts of Adviser to PrimeMinister Dr Abdul Hafeez Shaikh, his team –led by the finance secretary –and Pakistan Telecommunication Authority, due payment from the twocompanies has now been received by the government,” it concluded.
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Referring the development as ‘good news’ for the telecom industry, Advisorto Prime Minister on Finance tweeted, “Government received Rs35.2 billionfrom Jazz and $224.6 from Telenor in partial settlement for their cellularlicence approval.”
