Telecom Industry’s Revenue Surges Over 18% in FY23

During the last two years, the telecom sector’s earnings reached Rs. 1,518 billion.

As per information from Technologyscent, in the fiscal year 2022-23, the telecom industry’s revenue saw a growth of 18.71%, reaching Rs. 824 billion. In the preceding fiscal year 2021-22, telecom revenues were at Rs. 694 billion.

According to the PTA report, the telecom sector attracted a total of US$276 million in investment over the last two years. In the fiscal year 2021-22, Foreign Direct Investment (FDI) amounted to US$186 million. However, this figure decreased to US$108 million in the fiscal year 2022-23. During the 2021-23 period, PTA contributed a significant Rs. 703.3 billion to the national treasury. Out of this, Rs. 189.9 billion went to the Federal Consolidated Fund (FCF) within the past two years.

Furthermore, PTA also directed Rs. 21.4 billion towards the Universal Service Fund and Ignite National Fund from 2021 to 2023. Over the last two years, the telecom authority contributed Rs. 458 billion in telecom taxes and Rs. 34 billion in taxes collected through PTA mobile registration (DIRBS).

As indicated in the report, the tele density increased from 66.30% in 2017 to 81.03% in June 2023. Broadband penetration witnessed a rise from 22.6% to 53.7% in the past five years. The total data usage surged from 681 Petabytes in 2017 to an impressive 10,850 Petabytes in June 2023.

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