Tag: telecom

Meeting of Senate committee on IT and telecom

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Senate’s Standing Committee on Information Technology and Telecommunications had met with Senator Shahi Syed in chair. Progress on implementation status of recommendations of committee concerning increase in the pension of retired PTCL’ employees and policy devised by FBR and PTA about collection of taxes i.e. GST and WHT from cellular users was discussed in meeting. […]…Read More

With an overwhelming response to Nokia phones, Advance Telecom hopes to up market share

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article image Karachi, June 05, 2017: Following its announcement of launching Nokia Phones in Pakistan as the official distribution partner of HMD Global – The Home of Nokia Phones, Advance Telecom recently carried out a nationwide business activity to receive orders from the dealers within the local markets, and received an overwhelming response with confirmed orders for […]…Read More

Advance Telecom to launch Nokia Smart Phones in Pakistan

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article image Karachi, May 24, 2017: Advance Telecom recently announced that it will be launching Nokia Smart Phones in Pakistan as the official distribution partner of HMD Global-The Home of Nokia Phones. At a ceremony held to celebrate the placement of first smartphones order, Mr. Rizwan Majid, CEO Advance Telecom, reiterated the commitment that Advance Telecom has […]…Read More

Telecom sector contributes Rs745b to national kitty

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article image STAFF REPORT ISB: Telecom sector has contributed an amount of Rs. 745 billion to national exchequer in terms of regulatory duties and taxes during last five years. A higher contribution of Rs. 243.8 billion was made during 2013-14 due to Pakistan Telecommunication Authority’s (PTA) extraordinary deposits of Rs. 96.5 billion out of total value of 3G and 4G spectrum auction in April 2014. In 2014-15, the telecom sector contributed Rs. 126.6 billion to national exchequer in terms…Read More

Telecom sector contributes Rs745b to national kitty

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article image STAFF REPORT ISB: Telecom sector has contributed an amount of Rs. 745 billion to national exchequer in terms of regulatory duties and taxes during last five years. A higher contribution of Rs. 243.8 billion was made during 2013-14 due to Pakistan Telecommunication Authority's (PTA) extraordinary deposits of Rs. 96.5 billion out of total value of 3G and 4G spectrum auction in April 2014. In 2014-15, the telecom sector contributed Rs. 126.6 billion to…Read More

FDI in telecom sector reaches 60 per cent

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article image STAFF REPORT ISB: Minister for Information Technology and Telecommunications, Anusha Rehman has informed the National Assembly that Foreign Direct Investment (FDI) has reached 60 percent in the telecom sector. Replying to question in the National Assembly, she said that after launching of 3G and 4G technologies, the number of mobile users increased up to 26 millions, adding the ministry has received three international awards for developments in telecom sectors. The minister said…Read More

Telecom sector concerned over heavy taxes on services

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article image STAFF REPORT ISB: The SDPI’s Study Group on Information Technology and Telecommunication has said that Rs. 40 billion annual withholding tax on telecom consumers has caused the diversion of Foreign Direct Investment to other regional countries. Speaking on the occasion, Vice-President of Telenor Aslam Hayat said that withholding tax is imposed on those consumers, who either do not fall in the tax bracket or do not file tax returns and ultimately cannot get refunds. He revealed that…Read More

Telecom sector reeling under excessive taxes: SDPI

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article image STAFF REPORT ISB: Censuring the exorbitant tax burden on telecom sector, the SDPI Study Group on ICT has concluded that Rs40 billion annual withholding tax on telecom consumers have brought the once lucrative sector on the verge of decline leading to drastic reduction in Foreign Direct Investment. Speaking on the occasion, Vice-President of Telenor Aslam Hayat said that withholding is imposed on those consumers, who either do not fall in the tax bracket or do not file tax returns and…Read More

VimpelCom CEO lauds govts telecom policies

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article image STAFF REPORT ISB: Chief Executive Officer of VimpelCom Jean-Yves Charlier has appreciated the business-friendly telecom policies of the government of Pakistan. "Teledensity in Pakistan is one of the highest in the region which makes the country one the favourite destination for foreign investors," he said this during his recent meeting with Prime Minister Nawaz Sharif in Islamabad. On the occasion, the Prime Minister Nawaz said that the incentive-based transparent…Read More

World internet moot gathers telecom sector giants

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article image STAFF REPORT ISB: Wuzhen, China, has recently hosted the Second World Internet Conference (WIC) and aptly themed it as, "An Interconnected World Shared and Governed by All: Building a Community of Common Future in Cyberspace". Participants of the event got engaged in fruitful discussions on critical issues such as Infrastructure, Cyber Security, RandD in Cloud Computing, Big Data, Internet of Things, Bridging the Digital Divide and Internet Governance extensively. The…Read More