Pakistan’s Telecom sector breaks revenue records

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Published on June 19, 2012 with No Comments

Pakistan’s telecommunications sector revenues have skyrocketed and broke all previous records this year

According to Pakistan’s Associated Press revenues of telecom sector have reached all time high of Rs 363 billion, showing 5.4 per cent increase as compared to previous year. As per data, in line with tele-density, the cellular sector also has the highest share in telecom revenues as during 2011, cellular revenues increased by 11%. The rise in total telecom revenues is mainly attributed to increase in revenue of mobile services only since the rest of services except Wireless Local Loop (WLL) have reported decrease in their total revenue. During first two quarters of this year Rs. 197,686 million worth of revenue has been generated by telecom sector.

Meanwhile country’s IT minister Raja Parvaiz Ashraf has emphasized the need pursue a futuristic approach to achieve sustainable growth for the sector. Universal Service Fund (USF) has to play its role in this regard.

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