Pkrevenue.com

Tag: mobile phones

  • Forbes China includes Xiaomi in best employers list

    Forbes China includes Xiaomi in best employers list

    BEIJING: Xiaomi, a global technology leader and the third largest smartphone manufacturer has been named one of the top ten employers by Forbes China.

    READ MORE: Xiaomi joins hands with SELECT for phone production

    Xiaomi had 33,000 full-time employees worldwide at the end of last year. Other companies on the list include Schneider Electric, Hitachi Energy, Bank of China, etc.

    Forbes China made its selection after surveying 70,000 people over three months. The survey, which involved multiple topics, was conducted by Forbes China and Russell Consulting Company.

    READ MORE: Xiaomi plans assembly plant in Pakistan

    Xiaomi was listed as one of the “World’s Best Employers 2021” by Forbes. It was also ranked No. 4 on the list of “China’s Most Attractive Employers” for engineering students by Universum.

    Xiaomi prides itself on maintaining best practices for recruitment, employment, and employee benefits. According to the Company’s Environmental, Social, and Governance (ESG) Report last year, Xiaomi was free of unfair labor practices or gender discrimination.

    READ MORE: Clearance of mobile phones: Customs valuation of 234 brands, models issued

    “Xiaomi is pleased and honored to be recognized for our employment practices,” said Wang Xiang, Partner and President of Xiaomi Group. “We recruit talent from around the world and give our employees the best opportunity we can to unleash their creativity to make products that improve the world. Xiaomi is committed to operating at the highest standards and protecting the rights of our employees.”

  • SBP makes permission must for import of mobile phone, cars

    SBP makes permission must for import of mobile phone, cars

    KARACHI: The State Bank of Pakistan (SBP) has imposed condition for payment on import of mobile phones and motor cars.

    The SBP issued a circular related import goods making it mandatory for banks to take prior permission for releasing funds for import of motor cars, mobile phones and other machinery.

    READ MORE: SBP may raise policy rate by 100bps to 13.25%

    In this regard the SBP informed the banks about Chapter 13 of the Foreign Exchange Manual relating to payments against import of goods.

    The SBP decided that with immediate effect, the banks would require prior permission from Foreign Exchange Operations Department (FEOD), SBP-BSC before initiating transactions for import of goods listed in the enclosed Annexure, subject to following conditions:

    READ MORE: Banks increasing dollar rates; FAP tells Prime Minister

    The above requirement shall be applicable for all import transactions initiated by Authorized Dealers through (i) issuance/ amendment of letter of credit; (ii) registration/ amendment of contract; (iii) making advance payment; (iv) authorizing transactions on open account or collections basis;

    The above requirement shall not be applicable on import transactions initiated by the Authorized Dealers on or before the date of issuance of this circular letter;

    Authorized Dealers may approach Director, FEOD, SBP-BSC, Head Office, Karachi, along with appropriate documents and its recommendation on a case to case basis;

    READ MORE: SBP governor assumes charge of Asian Clearing Union

    Authorized Dealers shall be required to suitably amend the importer’s bank profile in Pakistan Single Window to ensure that the aforementioned import transaction shall not be initiated on open account basis without prior permission from State Bank.

    All other instructions on the subject shall remain unchanged. Authorized Dealers are advised to bring the same to the knowledge of all the concerned and ensure meticulous compliance of the above & other applicable regulations on the subject. Authorized Dealers are especially instructed to bring these instructions to the knowledge of their customers and advise them to approach the bank before initiation of import transaction of any item covered under this circular letter.

  • Pakistan spends Rs217 billion to import mobile phones

    Pakistan spends Rs217 billion to import mobile phones

    ISLAMABAD: Pakistan has spent Rs217 billion to import mobile phones during first seven months (July – December) 2021/2022, according to data release by Pakistan Bureau of Statistics (PBS).

    The import of mobile phones grew by 17.25 per cent when compared with Rs185 billion in the first seven months of the fiscal year 2020/2021.

    READ MORE: FBR issues updated rates of duty, taxes on mobile phones

    The growth in the import of mobile phones may be attributed to depreciation in rupee value against the dollar.

    The rupee weakened by Rs17.85 or 11.33 per cent to the dollar when compared Rs157.54 on June 30, 2021 with Rs175.39 as on February 17, 2022.

    READ MORE: Regulations needed for used mobile phones’ accessories

    The local currency recorded all-time low of Rs178.24 to the dollar on December 29, 2021.

    In dollar term, the import of cellphones recorded a growth of 12 per cent to $1.27 billion during first seven months of the current fiscal year as compared with $1.13 billion in the corresponding months of the last fiscal year.

    READ MORE: FBR collects mobile phone tax, PTA clarifies

    However, the import of mobile phones recorded a decline of 8.68 per cent to $179.77 million in the month of January 2022 when compared with $197 million in the same month of the last year.

    The decline may be attributed to production of mobile phones locally.

    READ MORE: FBR increases income tax to 15% on cellular services

  • FBR issues updated rates of duty, taxes on mobile phones

    FBR issues updated rates of duty, taxes on mobile phones

    ISLAMABAD: The Federal Board of Revenue (FBR) has issued the updated applicable rates of duty and taxes for clearance of mobile phones.

    The FBR said that following rate of duty and taxes for the clearance of mobile phones shall be applicable during (2021-2022) (with passport applied within 60 days of arrival in Pakistan):

    READ MORE: FBR collects mobile phone tax, PTA clarifies

    Mobile Phones having cost and freight (C&F) value up to $30, the rate of duty and tax has been fixed at Rs430.

    Mobile Phones having C&F value above $30 and up to $100, the rate of duty and tax has been fixed at Rs3,200.

    Mobile Phones having C&F value above $100 and up to $200, the rate of duty and tax has been fixed at Rs9,580.

    Mobile Phones having C&F value above $200 and up to $350, the rate of duty and taxes shall be Rs12,200 + 17 per cent Sales Tax Ad Valorem.

    READ MORE: FBR increases income tax to 15% on cellular services

    Mobile Phones having C&F value above $350 and up to $500, the rate of duty and tax shall be Rs17,800 + 17 per cent Sales Tax Ad Valorem.

    Mobile Phones having C&F value above $500, the rate of duty and tax shall be Rs27,600 + 17 per cent Sales Tax Ad Valorem.

    Rate of duty and taxes on mobile phones 2021/2022 (Applied with CNIC):

    Mobile Phones having C&F value up to $30, the rate of duty and tax has been fixed at Rs550.

    READ MORE: FBR issues new FED rates on motor vehicles

    Mobile Phones having C&F value above $30 and up to $100, the rate of duty and taxes has been fixed at Rs4,323.

    Mobile Phones having C&F value above $100 and up to $200, the rate of duty and tax has been fixed at Rs11,561.

    Mobile Phones having C&F value above $200 and up to $350, the rate of duty and tax shall be Rs14,661 + 17 per cent Sales Tax Ad Valorem.

    Mobile Phones having C&F value above $350 and up to $500, the rate of duty and tax shall be Rs23,420 + 17 per cent Sales Tax Ad Valorem.

    READ MORE: Banks to share business account details to FBR

    Mobile Phones having C&F value above $500, the rate of duty and tax shall be Rs37,007 + 17 per cent Sales Tax Ad Valorem.

  • Xiaomi joins hands with SELECT for phone production

    Xiaomi joins hands with SELECT for phone production

    KARACHI: Xiaomi, a global consumer electronics and smartphone giant, has decided to manufacture mobile phones in Pakistan. In this connection, Xiaomi has joined hands with Select Technologies (Pvt) Limited (SELECT), a wholly-owned subsidiary of Air Link Communication Limited (AIRLINK), as its manufacturing partner for Xiaomi mobile phones in Pakistan.

    “We are targeting a production of initially around 2.5 – 3 million handsets annually subject to smooth supply chain which is expected to add approximately $450 million annually in top line revenue numbers and will have a material incremental impact on the EPS [earnings per share] of the company other than the normal course of business,” said a statement issued by Air Link Communication Limited on Monday.

    According to the company, the production facility will be located adjacent to the AIRLINK’s existing state of the art mobile manufacturing facility at Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.

    The production facility will facility is anticipated to be operational within the month of January 2022.

    “… SELECT will be the manufacturing partner whereas AIRLINK will continue to be one of the largest distributors of Xiaomi phones in Pakistan,” the company added.

    Courtesy the manufacturing of Xiaomi phones by SELECT, AIRLINK expects to substantially increase its distribution and retail business of Xiaomi phones in Pakistan.

    Xiaomi plans assembly plant in Pakistan
  • Tax rates on usage of phone, internet for 2021-2022

    Tax rates on usage of phone, internet for 2021-2022

    The Federal Board of Revenue (FBR) has announced the updated rates of withholding tax on the usage of telephone and internet services for the fiscal year 2021-2022.

    (more…)
  • Pakistan produces 12.27mn mobile phones in 7 months

    Pakistan produces 12.27mn mobile phones in 7 months

    ISLAMABAD: The number of locally manufactured mobile phones in Pakistan has surpassed 12 million during seven months (January – July) of 2021.

    The local manufacturing of mobile phones has crossed the number of imported mobile phones in the same months of 2021.

    A statement issued by the Pakistan Telecommunication Authority (PTA) on Thursday regarding local production of mobile phones.

    It said the production of mobile phones by local manufacturing plants was 12.27 million and the number of imported mobile phones was recorded at 8.29 million.

    “This trend reflects a positive uptake on PTA’s Mobile Device Manufacturing (MDM) Authorization regulatory regime whereby local manufacturing within the first year of regime introduction has resulted in production of 12.27 million phones in a short span of seven months including 4.87 million 4G smart phones.”

    The PTA said that successful implementation of Device Identification Registration and Blocking System (DRIBS) along with conducive government policies, including mobile manufacturing policy, has created a favorable environment for mobile manufacturing in Pakistan.

    “It has also contributed positively to the mobile ecosystem of Pakistan by eliminating counterfeit device market providing a level playing field for commercial entities and has created trust amongst consumers due to the formulation of standardized legal channels for all sort of device import.”

    The PTA said that the government had introduced a comprehensive mobile manufacturing policy to encourage and attract manufacturers to establish their units in Pakistan.

    The telecom authority in light of the policy issued Mobile Device Manufacturing (MDM) Regulations on January 28, 2021. “Till now, 26 companies have been issued MDM authorization enabling them to manufacture mobile devices in Pakistan.”

    The companies include renowned brands e.g. Samsung, Nokia, Oppo, TECNO, Infinix, Vgotel, Q-mobile etc.

    Pakistan exports mobile phones to UAE
  • Pakistan exports mobile phones to UAE

    Pakistan exports mobile phones to UAE

    ISLAMABAD: A consignment of around 5,500 mobile phones carrying tag ‘manufactured in Pakistan’ has been exported the United Arab Emirates (UAE), a statement said.

    The statement issued by the Pakistan Telecommunication Authority (PTA) said that its authorization holder Inovi Telecom has started exporting smart phones to other countries.

    The first consignment of 5500 units of 4G smart phones carrying ‘Manufactured in Pakistan’ tag has been exported to UAE.

    PTA congratulates the company for this landmark achievement. This is the result of concerted efforts for the development of mobile device manufacturing ecosystem in the country.

    The successful implementation of Device Identification Registration and Blocking System (DIRBS) and enabling government policies including the Mobile Manufacturing Policy have created a favorable environment for mobile device manufacturing in Pakistan.

    As a part of this policy, Inovi Telecom Pvt. Ltd was issued mobile manufacturing authorization by PTA on April 9, 2021. Within 4 months, the company has managed to achieve exporting.

  • New rates of regulatory duty on imported smart phones

    New rates of regulatory duty on imported smart phones

    ISLAMABAD: Federal Board of Revenue (FBR) has notified new rates of regulatory duty to be imposed on imported mobile phones during.

    The FBR issued SRO 840(I)/2021 dated June 30, 2021 to notify regulatory duty on 599 tariff lines.

    Following are the rates of regulatory duty on mobile phone with effect from July 01, 2021:

    HS CodeDescriptionRegulatory Duty
    8517.1219Other having C&F Value up to US$ 30 per set excluding Smart PhonesRs.300/set
    8517.1219Other (having C&F Value above US$ 30 per set but not exceeding US$ 100 per set, including Smart Phones having C&F value up to US$ 30 per set)Rs.3,000/set
    8517.1219Other (having C&F Value above US$ 100 per set but not exceeding US$ 200 per set)Rs.7,500/set
    8517.1219Other (having C&F Value above US$ 200 per set but not exceeding US$ 350 per set)Rs.11,000/set
    8517.1219Other (having C&F Value above US$ 350 per set but not exceeding US$ 500 per set)Rs.15,000/set
    8517.1219Other (having C&F Value above US$ 500 per set)Rs.22,000/set
  • FBR to refund excess duty, taxes on mobile phone clearance

    FBR to refund excess duty, taxes on mobile phone clearance

    ISLAMABAD: Federal Board of Revenue (FBR) on Friday said that it will refund excess duty and taxes collected on mobile phone clearance due to glitches found in the WeBOC.

    The FBR issued an explanation over excess payment of duty and taxes at the time of clearance of mobile phones.

    The FBR said that recently, in a meeting with PTA, it transpired that the passengers can register up to 5 mobile phones on their passports and in case of high end phones of more than USD 500, the difference of duty/taxes between passport and CNIC registration is about Rs. 9,000/.

    Accordingly, in order to correct this anomaly and to limit the registration of mobile phone against passport up to one set, the WeBOC module was modified through CRF (change request form).

    However, during the process, the exemption of withholding tax was also deleted and thus now the system was showing total taxes on passport as Rs 36,720/-.

    FBR stated that the issue has been taken up with Director (R&A) Karachi and the team is reviewing the module to resolve the issue and restore the previous amount of leviable duty/taxes.

    The issue will be resolved tomorrow afternoon.

    “Due to this glitch in the system, all those who paid more duty would be refunded the excess amount forthwith,” the FBR said.