Pakistan Mobile Communications Limited (Jazz) has renewed its license with Pakistan Telecommunication Authority (PTA) in accordance with the Federal Government’s Policy Directive.
The license was renewed for a sum of $486.2 million for a period of 15 years, with Jazz depositing 50% of the money, i.e. Rs. 44.54 billion (equivalent to $243.1 million), and the rest amount paid in 5 equal annual instalments, with appropriate markup.
The terms and conditions of the renewal license have been improved in terms of coverage and service quality.
Federal Secretary for IT & Telecommunication Dr. Muhammad Sohail Rajput, PTA Chairman Maj. General Amir Azeem Bajwa (R), Member Compliance & Enforcement (PTA) Dr Khawar Siddique Khokhar, and senior management from PMCL (Jazz), PTA, and MOITT attended the license renewal event on Tuesday at PTA.
Earlier, Pakistan Mobile Communications Limited Jazz bank accounts have been frozen by the Federal Board of Revenue (FBR) for failing to pay income tax in the sum of Rs. 5.7 billion.
Enforcement Zone of the Large Taxpayers’ Office in Islamabad launched a massive recovery operation against the country’s largest telecom company Jazz last week, attaching its bank accounts across the country for committing Rs. 5.7 billion in income tax default.
To read our blog on “Now it’s Jazz time to pay FBR Rs. 5.7 Billion unpaid income tax,” click here.
