According to the annual report of the Pakistan Telecommunication Authority (PTA), mobile phone users spent a total of Rs. 98 billion during the past one year for using 3G and 4G (LTE) Internet services.

PTA has released its report for the year 2016, according to which, the revenue of the telecommunication companies has witnessed an increase of 27% during the previous one year.

The report further reveals that the telecom revenue during the fiscal year (FY) 2015-16 was Rs. 452.8 billion. Moreover, in the FY 2015-16, the customers have transferred a total of Rs. 1,492 billion via mobile banking services.

During the past fiscal year, the teledensity in Pakistan remained at 70.9 percent, says the report. Similarly, during the previous fiscal year 2015-16, the telecom sector stood at Rs. 157.8 billion in the national treasure.

The investments worth $719 million have been made in the telecom sector during the fiscal year 2015-16, out of which, the foreign investors made a net inflow of $286 million.

The number of mobile phone users has reached 134 million. However, the number of mobile broadband users is now 29.53 million. In the same way, the users of 3G and 4G have crossed the number of 32 million and the public have spent a total sum of Rs. 98.82 billion during the previous fiscal year 2015-16.

Last month, it was reported that one-third of the entire mobile Internet customers switched their devices and SIMs to the LTE technology in the month of August 2016 despite poor signals in the remote areas. 4G, which is the fastest mobile internet service, is attracting the mobile phone users in Pakistan.

Aside from this, the number of smartphone users in the country is growing at a very fast speed. By the end of 2016, there will be more than 40 million smartphone users in Pakistan. On the other hand, local analysts suggest that the 5G technology will hit Pakistan in 2020.