KARACHI: Telecommunication companies expressed their anger towards the government’s decision to renew licenses by paying in dollars.
The CEO of Jazz, a telecommunications company, stated that due to the ongoing devaluation of currency, they are unable to determine the amount they will have to pay in installments next year.
He stated, “Sadly, the wrong policy of tying the telecom license price to dollars is pushing us from a digital emergency to a digital catastrophe.
We need to fix this mismatch before telecommunication companies’ ability to further drive digital transformation becomes irrevocably depleted,” said the CEO of Telenor.
The CEO of PTCL, Hatem Bamatraf, stated that the situation has made business planning impossible due to the uncertainty caused by fluctuating exchange rates, rising interest rates, and increasing fuel and electricity tariffs.
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