The telecom generated revenue of Rs644 billion in the fiscal year 2020-21 exceeded last year’s revenue. The Telecom sector added $486 million in revenue through spectrum auctions and license renewals with the network operators. “It is heartening to see that the telecom sector secured $202 million in FDI,” he said. “This should remain our goal for 2022, to secure even more FDI and expand our operations locally as well as internationally.” The Pakistan Telecom sector needs long-term policies to attract foreign investors introducing their companies within Pakistan. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance.

Source: The Express Tribune March 12, 2022 23:34 UTC