Categories: Business

Lawmakers to Expose Illegal, Hidden Fees Charged By Banks and Telcos

The Senate Standing Committee on Finance and Revenue is launching an investigation into the extra charges imposed by telecom operators and banks amid growing public outrage over financial exploitation.

The committee has scheduled a meeting for April 1 at Parliament House to hear briefings from representatives of both sectors and scrutinize the structure and justification behind these additional fees.

Consumer complaints, particularly regarding unauthorized deductions and service charges, have sparked alarm over the lack of transparency. Lawmakers are expected to examine whether these charges violate consumer protection laws and if telecom and banking companies are fully complying with regulatory frameworks.

On social media, telecom users have been vocal about unauthorized mobile balance deductions linked to value-added services. In response, the Pakistan Telecommunication Authority (PTA) has issued directives warning operators to stop such practices without consumer consent.

Beyond telecom and banking fees, the committee will also address proposals to grant honorariums to medical staff at Parliament House and salary concerns for faculty in the tenure track system.

Other items on the agenda include reviewing Federal Board of Revenue (FBR) matters, such as a request from the Sarhad Chamber of Commerce and Industry regarding the classification of PCT heading 3921, and the non-implementation of a presidential order issued in July 2025.

WebDesk

Recent Posts

Independence Day Karachi Diplomats and Business Leaders Celebrate Pakistan’s 79th Anniversary

Independence Day celebrations brought together diplomats, politicians, industrialists and business leaders at Mundia House in…

9 hours ago

Philanthropy Welfare Work Can Earn Respect in This World and the Hereafter, Says DIG Faizullah Korejo

Philanthropy can earn people respect in this world and reward in the hereafter, DIG Training…

9 hours ago

FPCCI Business Community Pledges Support for Shahid Afridi Foundation

FPCCI has pledged continued support for the Shahid Afridi Foundation (SAF), with the country’s business…

9 hours ago

Pan Asian Food Festival Mövenpick Karachi Hosts Indonesian Culinary Showcase

Pan Asian Food Festival celebrations at Mövenpick Hotel Karachi continued with an Indonesian culinary showcase…

9 hours ago

ABHI Microfinance Bank: Strategic Partner for EPL Summit 2026

EPL Summit 2026 will bring ABHI Microfinance Bank and digital economy leaders together in Karachi…

24 hours ago

Turkmenistan: Priorities at the 81st UN General Assembly

Turkmenistan UN priorities include peace, preventive diplomacy, AI, climate action, sustainable transport, international law and…

24 hours ago

This website uses cookies.