PTA profit increased by 286 percent in the first quarter of FY22, In the first quarter of the fiscal year 2021-22, the earnings of the Pakistan Telecommunication Authority (PTA) increased by 269 percent year on year. PTA earnings increased to Rs. 30.1 billion in the first quarter of FY22, compared to Rs. 8.2 billion in the previous year, according to the State Bank of Pakistan (SBP).

The government earned Rs. 23.4 billion for the award of a 4G spectrum license to a large cellular carrier, Ufone, resulting in a dramatic increase in revenue. The balance of the money came from the authority’s different accounts and levies.

The sum received for the licence was half of the entire sales price of the licence, with the remaining amount being paid in five equal annual payments according to the terms and conditions.

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In terms of non-tax revenues, PTA’s contribution is the second-highest in the country.

The State Bank of Pakistan (SBP), which is the largest producer of non-tax revenue, earned Rs. 109 billion in Q1 FY22, compared to Rs. 105 billion in the same time the previous year, a modest increase of 3.5 percent year-on-year.

Despite a drop in interest earnings due to the partial retirement of the government’s debt with SBP, this was achieved. Interest revenues from open market operation (OMO) injections then quadrupled during the same time last year, more than offsetting the loss.

Royalties on oil and gas increased by 48 percent in the first quarter of FY22, rising to Rs. 21.7 billion in 2021 from Rs. 14.6 billion in 2020.

Passport and other fee revenues increased by 106 percent in Q1 FY22, reaching Rs. 6.1 billion from Rs. 3 billion the previous year.

The government’s revenue from the Petroleum Development Levy has dropped by 90%. It dropped to Rs. 13.3 billion in Q1 FY22, down from Rs. 136 billion in Q1 FY21. The significant discrepancy is due to the government’s use of this levy to absorb rising fuel costs.

Overall, the government’s non-tax revenue stream decreased by 22% over that time period. In Q1 FY22, it was Rs. 257.7 billion, compared to Rs. 356.3 billion in Q1 FY21.

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