Business

Jazz invests Rs33bn in nine months

字号+ Author:Smart News Source:US 2025-01-14 02:27:06 I want to comment(0)

ISLAMABAD: Jazz, along with its associated companies JazzCash and Mobilink Microfinance Bank, invested over Rs33 billion in the first nine months of 2024, strengthening Pakistan’s digital ecosystem across key sectors, including banking, financial services, cloud, data centers, digital healthcare, entertainment and connectivity. The company also contributed Rs97bn in corporate tax, sales tax, import duties, as well as withholding tax collected from customers and suppliers to the national exchequer. In a statement issued on Monday, the company said that Rs41bn had been invested for expanding high-speed mobile broadband in underserved areas, supporting research and development, start-up growth, and payments for license renewals, spectrum fees, and more. As a result revenue growth of over 25pc had been received in the first nine of 2024 compared to same period last year.

1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;

Related Articles
  • Regulators keeping 15 Iesco vehicles, FIA told

    Regulators keeping 15 Iesco vehicles, FIA told

    2025-01-14 02:13

  • Nobel Peace laureate Malala Yousafzai shares memory highlights from 2024

    Nobel Peace laureate Malala Yousafzai shares memory highlights from 2024

    2025-01-14 01:27

  • Appeals court upholds verdict in Trump sexual abuse case

    Appeals court upholds verdict in Trump sexual abuse case

    2025-01-14 01:02

  • Another Jeju Air plane faces landing gear issue

    Another Jeju Air plane faces landing gear issue

    2025-01-14 00:40

User Reviews