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Pakistan to Face a $3 Billion Loss Over Non-Auctioning of 5G This Year

Pakistan might face a loss of up to $2 to $3 Billion due to the non-auctioning of 5G up until December this year.

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Pakistan might face a loss of up to $2 to $3 Billion due to the non-auctioning of 5G up until December this year.

The world is going at a very rapid speed in terms of Technology but Pakistan is still lacking behind.

Preparations were made to introduce 5g, IT Ministry and Telecommunication authorities imported a massive amount of equipment for the networks.

Rules and Regulations were set by IT Ministry but it didn’t proceed.

The Major reason for the delay according to sources is the Finance Bill of 2022 where they didn’t mention any incentive of 5g. The Advisory Committee has decided to skip 5g for now.

While political instability and regime change have been the primary reason behind the delay of the 5G introduction, people are also putting the former government to blame for their high taxes on telecom service providers.

The previous government went on to increase the advance income tax on the telecom industry from 10 percent to 15 percent in the finance bill. According to representatives from the telecom industry, all of this was done without consultation with them.

According to telecom providers, such high taxes made it impossible for them to launch 5G, therefore, limiting them to the choice of 3G and 4G networks.

 

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