Pakistan telecom sector in fermentation as stoner profit hits world’s smallest ISLAMABAD Pakistan’s telecom sector is facing a severe fiscal extremity as the per- stoner profit has hit the world’s smallest at$0.80, ARY News reported, citing sources.
This intimidating number has caused torture among telecom drivers in Pakistan. The sources within the assiduity said it’ll be delicate for the telecom drivers to continue services, due to the devaluation of the Pakistani rupee as compared to the bone .
With all costs in bones , the decline in profit has made it delicate for mobile drivers to stay round, as the profit per stoner needs to rise above$1.5 to remain active.
The telecom sector has also expressed its deep enterprises to the Minister of Information Technology, Ameenul Haq.
Rising interest rates, energy, and electricity prices have also made the cost of doing business shoot , putting immense pressure on the formerly floundering assiduity.
The fiscal extremity has led to LC closures, further aggravating the situation, and assessing restrictions on mobile rate hikes. This could oppressively impact the quality of service, leading to unhappy guests and a implicit loss of business.