Jazz, Telenor seek reduction in taxation

Jazz, Telenor seek reduction in taxation

ISLAMABAD: Phone carriers in Pakistan including Jazz and Telenor have sought reduction in taxation.

Federal Minister for Finance and Revenue Miftah Ismail held a meeting with delegation of telecom sector comprising of CEO Jazz Aamir Ibrahim and CEO Telenor Pakistan Irfan Wahab Khan, at Finance Division on Wednesday.

Federal Minister for IT and Telecommunication Syed Amin-ul-Haq, Chairman Pakistan Telecommunication Authority (PTA), Chairman Federal Board of Revenue (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.

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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.

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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.

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