Finance ministry to consider tax proposals related to IT and Telecom sector

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ISLAMABAD: Advisor to the Prime Minister on Finance, Dr Miftah Ismail has said that the annual budget related proposals for IT and telecommunications sectors will be given due consideration as these are very important sectors of the economy. He was chairing a high level meeting to discuss the tax proposals submitted by the Ministry of Information Technology and Telecommunications (MoIT).

The meeting noted that while the telecom sector had shown impressive growth in the last many years, IT Sector had also started to pick up and efforts should be made to further improve the growth momentum. It was decided that further deliberation would be done by the Federal Board of Revenue (FBR) and the MoIT to finalise the appropriate tax proposals with a view to give a boost of these important sectors.

The meeting was also attended by Ministers of State for Finance as well as IT&T, the Federal Secretaries of the two Divisions, Chairman FBR, Acting Chairman Pakistan Telecommunications Authority (PTA) and other officials of Ministry of Finance, Ministry of IT&T and PTA as well representatives of the IT industry.