The telecom sector is likely to get major incentives in the upcoming budget 2016-17, including extension in tax holiday and tax reduction for IT services companies, it is learnt. Official sources revealed to Business Recorder
that government is considering extension in tax holiday on telecom exports for three years. Tax holiday on IT export is going to expire by end June 2016. The Ministry of Information Technology had tasked Pakistan Software Export Board (PSEB) to provide the rationale for getting IT industry an extension in tax exemption that it currently enjoys on IT exports. PSEB has reportedly completed its homework and submitted it to the Ministry.