Islamabad, 21 July, 2023 (GNP): The Ministry of Information and Broadcasting has presented a summary for charging a radio license fee of Rs15 through electricity bills.
On Thursday, the finance ministry informed the Senate Standing Committee on Finance and Revenues that the information ministry had given a plan for raising the state TV fee from Rs35 to Rs50 with Rs15 from this amount being allocated to Radio Pakistan to meet its financial requirements.
The meeting of the Senate Standing Committee on Finance was held under the supervision of Senator Saleem Mandviwalla at the Parliament House on Thursday.
The chairman of the committee uplifted the issue of outgrowth of Hundi culture. The committee commented that $6 to $8 billion payments came through Hundi business yearly. The standing committee further added the Hundi business would face decline if the State Bank of Pakistan (SBP) imposed strict measures for the perpetrator.
The governor of SBP stated that payment of $27 billion was transmitted in the fiscal year of 2022. “We are attempting to receive all remittances through the banking channel,” he added.
Moreover, the SBP governor refused to reveal the exact figures of the amount coming through Hundi and said that remittances coming from proper banking mechanisms would increase in the near future.
Furthermore, he expressed that the remittances declined in the western part of the world due to the inflaming inflation.