KARACHI: Pakistan has made substantial investments totaling over Rs 70 billion in various telecom infrastructure and digital connectivity development projects over the past three years, according to Syed Aminul Haq, former Federal Minister of IT and Telecommunication.
KARACHI: The Sindh Revenue Board (SRB) on Monday notified updated sales tax rate of 19.5% on telecommunication services.
ISLAMABAD: The telecommunication sector has received several relief measures in the federal budget 2021/2022 that will help new investment in this sector. According to budget commentary released by KPMG Taseer Hadi & Co. Telecommunication is one of the largest service sectors of Pakistan contributing substantial revenue in the form of taxes on telecom services and […]
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved tax recommendations for telecom sector, which were already endorsed by the Federal Board of Revenue (FBR). Secretary, Ministry of Information Technology and Telecommunication presented a summary regarding taxation issues of the Telecom Sector. The ECC had earlier constituted a sub-committee dated October 20, […]
KARACHI: Federal Board of Revenue (FBR) has been urged to reduce customs duty on import of smartphones for the growth of economy. In its proposals for budget 2020/2021 submitted to FBR, the Overseas Investors Chamber of Commerce and Industry (OICCI) said that after the implementation of DIRBS and accompanying tax increase, the smartphone penetration in […]
KARACHI: Federal Board of Revenue (FBR) has been recommended to abolish withholding tax on telecom services considering the rate is too high and a large segment of people living below poverty line. Overseas Investors Chamber of Commerce and Industry (OICCI) in its proposals for budget 2020/2021 said that currently, telecommunication services in Pakistan are subject […]
KARACHI: Foreign and multinational companies have demanded the Federal Board of Revenue (FBR) to exempt sales tax and customs duty on import of telecom equipment in order to encourage investment in this sector. The Overseas Chamber of Commerce and Industry (OICCI) in its proposals for budget 2019/2020 said that telecom was very investment intensive sector […]
KARACHI: Jazz, Pakistan’s leading digital communications company, and Enfrashare (Private) Limited have signed an agreement to accelerate growth in telecommunications infrastructure. This partnership will propel Jazz in strategically expanding its digital infrastructure robustness across both the rural and urban sections of the country, said a statement on Monday. Under this partnership, Enfrashare will develop the […]
KARACHI: The Sindh Revenue Board (SRB) has announced an extension for the filing of returns. The revised deadline, now set for May 3, 2019, pertains specifically to the tax period of March 2019.
KARACHI: Pakistan’s premier conglomerate, Engro Corporation, has announced investment in telecom infrastructure. The investment has been approved by board of directors of the corp. in its meeting held on April 25, 2019. The BoD also approved financial results for the quarter ended March 31, 2019. Engro Corporation, in light of its long-term strategy, has streamlined […]