Home Press Release Budget 2021-22 Likely to Include Relief Packages for Telecom Industry

Budget 2021-22 Likely to Include Relief Packages for Telecom Industry

235
0

Good news for all the Telcos operating in Pakistan!

The much-awaited relief packages for the Telecom sector might be finally making their way through. The Government of Pakistan earlier this year announced that there will be a tax cut for the telecom sector. More recently the Federal  Minister of IT and Telecommunications, Syed Amin Ul Haq, confirmed the inclusion of relief packages in the budget 2021-22.

News for the IT Sector – Read more here

Amongst other things, the packages will decrease the development personal expense on cell phone clients from 12.5% to 10%. Moreover, it is expected to decrease by another 2% making it 8% in 2022-2023. There is more to follow – the government extract obligation will decrease from 17% to 16%. The diminishing charges to fall from 8% to 3%. Moreover, the 250 rupees spent on SIM cards will also be annulled. In the same regard, guidelines have been issued to the Federal Board of Revenue (FBR) to reduce the duties from 7% to 5% and a drop of 3% on hardware material of the optical fiber link fabricating industry

What is CxO Global Forum?

The CxO Global Forum Network is an invitation-only membership exclusively for Chief investment/information officers and technology officers, financial & marketing, executive officers & country heads from the world’s largest and most influential companies. The forum is to get global exposure especially in digital transformation & innovation around the globe.

Previous articleCareem Launching Food Drone Delivery! – Wait, What?!
Next articleSBP Launches Rs 70 Commemorative Coin Celebrating Pak-China Friendship