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Telecom sector urges govt to reduce taxes on items hardly fall under luxury goods

Telecom sector urges govt to reduce taxes on items hardly fall under luxury goods
Telecom sector urges govt to reduce taxes on items hardly fall under luxury goods
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June 01, 2022 (MLN): The delegation of telecom sector comprising of CEO-Jazz, Mr. Aamir Ibrahim, and CEO Telenor Pakistan Mr. Irfan Wahab Khan, has requested the government for reduction in taxation over the items that hardly fall under purview of luxury goods.

The delegation met with Federal Minister for Finance and Revenue at Finance Division today.

Federal Minister for IT and Telecommunication Syed Amin-ul-Haq, Chairman PTA, Chairman FBR and other senior officers attended the meeting.

The delegation briefed the Finance Minister on the contribution of IT sector in the economic development of Pakistan.

It was shared that currently IT and Telecommunication sector is facing various issues including serious challenge of profitability.

In same view, the delegation requested for reduction in taxation over the items that hardly fall under purview of luxury goods. It was also shared that growth of IT and Telecommunication not only contributes in increasing the exports but also in overall growth of GDP.

The Finance Minister acknowledged the role of IT and Telecommunication in overall economic development of the country.

Moreover, the Finance Minister assured the delegation of all possible support regarding taxation issues and emphasized to make greater contribution in enhancement of IT and Telecom related exports.

The delegation thanked the Finance Minister for support and cooperation.

Press Release

Posted on: 2022-06-01T23:32:28+05:00

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