PTA receives over Rs70 billion from Jazz, Telenor for license renewal

MG News | September 05, 2019 at 11:04 AM GMT+05:00

0:00

September 5, 2019 (MLN): Jazz and Telenor have made 50% payment, amounting to Rs 35.2 billion and $224.6 million respectively, for the renewal of their cellular licenses.

On the recommendations of Ministry of IT and Telecommunication, federal cabinet had issued a policy directive for renewal of these licenses.

This development will not only contribute towards uninterrupted provision of better telecom services to the people of Pakistan but will also help in promotion of competition and investment in the telecom sector.

All license renewal proceeds would be deposited in national exchequer.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	160,101.03 374.97M	-1.27% -2062.78
ALLSHR	97,525.54 1,017.39M	-1.28% -1263.78
KSE30	48,859.40 134.69M	-1.13% -559.19
KMI30	232,188.88 82.63M	-1.44% -3403.91
KMIALLSHR	63,958.79 443.85M	-1.53% -996.37
BKTi	44,948.04 67.45M	-1.08% -489.73
OGTi	31,541.13 6.10M	-1.89% -609.00

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,920.00	116,285.00 113,620.00	850.00 0.74%
BRENT CRUDE	64.85	65.76 64.08	-0.77 -1.17%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.00 -1.23%
ROTTERDAM COAL MONTHLY	92.50	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.64	61.50 59.93	-0.67 -1.09%
SUGAR #11 WORLD	14.45	14.59 14.28	-0.01 -0.07%