AIRLINK 74.40 Decreased By ▼ -0.90 (-1.2%)
BOP 4.90 Decreased By ▼ -0.04 (-0.81%)
CNERGY 4.32 Decreased By ▼ -0.07 (-1.59%)
DFML 39.69 Decreased By ▼ -1.49 (-3.62%)
DGKC 85.75 Increased By ▲ 2.44 (2.93%)
FCCL 22.62 Increased By ▲ 0.97 (4.48%)
FFBL 31.75 Decreased By ▼ -0.25 (-0.78%)
FFL 9.33 Decreased By ▼ -0.09 (-0.96%)
GGL 10.00 Decreased By ▼ -0.08 (-0.79%)
HASCOL 6.74 Decreased By ▼ -0.08 (-1.17%)
HBL 113.61 Decreased By ▼ -0.39 (-0.34%)
HUBC 140.00 Increased By ▲ 0.90 (0.65%)
HUMNL 11.85 Decreased By ▼ -0.15 (-1.25%)
KEL 4.90 Decreased By ▼ -0.01 (-0.2%)
KOSM 4.42 Increased By ▲ 0.06 (1.38%)
MLCF 38.14 Increased By ▲ 0.63 (1.68%)
OGDC 131.60 Decreased By ▼ -1.25 (-0.94%)
PAEL 24.35 Decreased By ▼ -0.50 (-2.01%)
PIBTL 6.48 Decreased By ▼ -0.12 (-1.82%)
PPL 118.40 Increased By ▲ 0.60 (0.51%)
PRL 25.76 Decreased By ▼ -0.30 (-1.15%)
PTC 13.75 Increased By ▲ 0.03 (0.22%)
SEARL 57.10 Decreased By ▼ -0.15 (-0.26%)
SNGP 66.21 Decreased By ▼ -0.29 (-0.44%)
SSGC 10.18 Decreased By ▼ -0.06 (-0.59%)
TELE 7.97 Decreased By ▼ -0.24 (-2.92%)
TPLP 10.66 Decreased By ▼ -0.04 (-0.37%)
TRG 61.70 Decreased By ▼ -0.70 (-1.12%)
UNITY 26.60 Decreased By ▼ -0.44 (-1.63%)
WTL 1.35 No Change ▼ 0.00 (0%)
BR100 7,832 Decreased By -13.4 (-0.17%)
BR30 25,269 Increased By 12.6 (0.05%)
KSE100 74,826 Decreased By -10.6 (-0.01%)
KSE30 23,998 Decreased By -6.3 (-0.03%)

ISLAMABAD: The federal government has decided to take up the sales tax issue on information technology exports revenue in Sindh with the chief minister - a big hurdle in the promotion of IT industry, as companies are shifting to other provinces to avoid the tax burden.

Federal Minister for Information Technology and Telecommunication Syed Aminul Haque, while chairing the 7th meeting of the Prime Minister's Taskforce on IT and Telecom, Wednesday stated that that he would soon meet the chief minister Sindh to discuss ending sales tax on IT export revenue.

He said that IT industries were moving from Sindh to the other provinces due to sales tax on IT export revenue.

The minister further stated that the prime minister had special interest in the development of the IT sector of Pakistan.

He said that joint efforts and work with honesty was vital for completion of the vision of digital Pakistan.

Haque further said that the Ministry of IT was committed to increasing IT exports and manufacturing of quality mobile phones in the country.

He said that the work was going on regarding fibrization and steps were being taken for providing broadband services both in unserved and underserved areas of the country.

A senior official who attend the meeting said that it had been reported that information technology companies were shifting from Sindh to other provinces owing to high tax rates in the province.

The MoITT had submitted proposals to the PM's Office for resolving issues related to double taxation of IT companies, said the official, adding that the initiative would help in removing impediments in domestic IT business growth as well. The federal minister further said that the steps were being taken for the development of IT and Telecom sector.

Copyright Business Recorder, 2020

Comments

Comments are closed.