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

News Image

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 136,263.77
143.90M
0.24%
323.90
ALLSHR 84,611.66
408.11M
0.01%
11.28
KSE30 41,533.17
47.20M
0.39%
159.49
KMI30 191,105.35
45.65M
0.02%
35.37
KMIALLSHR 55,688.46
186.54M
-0.09%
-49.61
BKTi 38,099.26
12.71M
-1.01%
-390.49
OGTi 27,664.49
5.07M
-0.45%
-123.66
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,500.00 118,635.00
117,255.00
1760.00
1.51%
BRENT CRUDE 68.71 69.09
68.69
0.00
0.00%
RICHARDS BAY COAL MONTHLY 96.50 96.50
96.50
0.50
0.52%
ROTTERDAM COAL MONTHLY 104.50 0.00
0.00
-1.05
-0.99%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.66 67.01
66.64
0.14
0.21%
SUGAR #11 WORLD 16.58 16.62
16.55
0.02
0.12%

Chart of the Day


Latest News
July 16, 2025 at 01:14 PM GMT+05:00

JSCL gets SECP Nod for subsidiary merger


July 16, 2025 at 12:35 PM GMT+05:00

Cement sector profit may rise 19% in 4QFY25


July 16, 2025 at 12:25 PM GMT+05:00

Fertilizer offtake jumps 11% YoY in June 2025


July 16, 2025 at 12:07 PM GMT+05:00

Pakistan removed from the UK’s Air Safety List


July 16, 2025 at 12:04 PM GMT+05:00

Saudi Riyal available at PKR 77.2 in open market



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg