Zong 4G submits Rs37.16 bln tax renewal fee with PTA

ISLAMABAD: China Mobile (CMPak) has deposited Rs 37.16 Billion ((US$ 238.6 Million) against its license renewal fee with Pakistan Telecommunication Authority (PTA).

According to a statement issued by the cellular phone regulator, the license renewal proceeds have been deposited in Federal Consolidated Fund (FCF).

The recent deposits from Cellular Mobile Operators against license renewal fees to the tune of more than Rs 107 billion would provide support to the national exchequer as well as to the economy.

“This also shows the positive contribution by telecom sector & efforts of PTA,” it added.

CMPak Limited, branded and doing business as Zong 4G, is a Pakistani mobile data network opZoerator owned by Chinese government-owned company China Mobile

China Mobile (CMPak) has deposited Rs 37.16 Billion (equivalent to US$ 238.6 Million) against its license renewal fee with PTA. The license renewal proceeds have been deposited in Federal Consolidated Fund (FCF).

— PTA Pakistan (@PTAofficialpk) December 5, 2019