Zong to deposit $54.086 mln License Renewal Fee in October

by Tahir Ali 

ISLAMABAD, May 28 (Gwadar Pro) - China Mobile Communication Corporation’s CMPak (Zong), one of Pakistan’s largest Cellular Mobile Operators(CMO), will deposit an amount equivalent to $54.086 million as the second license renewal fee’s instalment in October 2021. 

Pakistan Telecommunication Authority (PTA) stated on Thursday that the authority received PKR 15.82 billion (equivalent of $103.17 million) against second instalment of License Renewal Fee from two Cellular Mobile Operators (CMOs); Telenor Pakistan and Pakistan Mobile Communication Ltd. (Jazz).

The amount is being deposited in the Federal Consolidated Fund (FCF) as per practice under Pakistan Telecom Re-organization Act 1996. The authority has so far deposited PKR 135.81 billion (equivalent of $862.22 million) with the Government, received against 50% of total License Renewal Fee and first instalment of the same from three CMOs. With the amount of second installment received from two CMOs now, the total receipts on this count have become PKR 151.63 billion ($965.39 million).

The second license renewal fee instalment of CMPAK (ZONG) for $54.086 million is due in October 2021.