Islamabad: The government has announced its decision to grant ‘industry’ status to Information Technology (IT) and telecom sector, according to a news report published on March 11. The executive has accorded this status under Prime Minister Imran Khan’s ‘Digital Pakistan’ initiative.
Federal Minister for Information Technology & Telecommunication Syed Aminul Haq said in a press briefing on Thursday that the industry status for the IT and telecom sector was approved in a cabinet meeting held last week and will be applicable from the next fiscal year. He also said that taxes on the said sector will be reduced in a phased manner.
From July 2021 onwards, all the amendments in taxes and duties will be applicable – including the abolishment of PKR 250 charged on the new SIM card issuance. The Federal Excise Duty (FED) on telecommunication services has been reduced from 17% to 16%.
The minister said that these developments will realise Prime Minister Imran Khan’s vision of a digital Pakistan.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
