Pakistan to Lose Rs. 32 Billion for Failing to Sell 5G Spectrum
LINK IN BELOW Pakistan to Lose Rs. 32 Billion for Failing to Sell 5G Spectrum The country is likely to face a shortfall of around Rs. 32 billion in non-tax revenue from 5G licenses, budgeted for the outgoing fiscal year 2023-24, due to non-materialization of the spectrum auction owing to economic and political challenges, sources told ProPakistani. The government has budgeted Rs. 72.597 billion from 4G/5G licenses under the head of non-tax revenue for the current fiscal year 2023-24 against Rs. 50 billion budgeted for the last fiscal year which was later revised upward to Rs. 74 billion.According to PTA; “License renewal fees from cellular mobile operators are receivable in installments as per license terms and conditions. Pakistan Telecommunication Authority (PTA) has so far received Rs. 30.94 billion against its budgeted amount of R...