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18 October 2017 Last updated 1 hour ago

Mobile operators demand tax relaxation

Flourishing telecom sector received Rs75 billions of investment in previous fiscal year. File Photo Flourishing telecom sector received Rs75 billions of investment in previous fiscal year.

Mobile operators have demanded from federal government to relax already exisitng 37pc taxes instead of imposing new ones on consumers ahead of budget for next fiscal year.

A telecom operator, during media briefing, told that mobile operators have urged government to slash withholding tax,

complete uplifting of GST/FED on internet data packages, and relaxation of taxes on import of mobile devices.

In the previous fiscal year, telecom sector has submitted Rs158 billion in national exchequer while earned a revenue of Rs455 billion.

During the same period, flourishing telecom sector received Rs75 billions of investment which included Rs40 billions of foreign direct investment.