Catering world wide communication
Thanks to telecom sector, media has revolutionized everything, everywhere in Pakistan. In fact media revolution has bridged the gap between the developing as well as developed state of mind across the world. This is all due to telecom sector, which after travelling a bumpy road a year ago is showing mixed trends this year. The telecom sector is the great source of taxes to expand the economy and offer opportunities to investors in the country. In this mid of current year, the Kahleej Times reported that the telecom sector in Pakistan did prospering business with revenues of Rs333.2 billion for July March FY 16 despite the fact the government launched an anti terrorism campaign to cancel millions of suspected SIM cards. According to the report of the Ministry of Finance and Pakistan Telecommunication Authority (PTA), the telecom sector has contributed Rs744.6 billion to the national exchequer in the form of various taxes and duties during the last five years FY 11 to FY 15. Due to re-verification of sims, the cellular companies have to suffer a loss of millions subscribers. Due to loss of millions of these cellular subscribers after BVS Re verification process intense competition and low tariffs and a declining trends in revenues of the telecom sector were observed since last year.