ISLAMABAD ( ABRAR MUSTAFA )
Mobile importers in Pakistan request the Prime Minister of Pakistan, respected Finance Minister and Chairman FBR, that the mobile industry is already heavily taxed since the past years and all these impositions were made without the consent and input of any stakeholders. Over the past year, the taxes have been increased at a drastic rate, which shook the mobile company sector to the verge of a catastrophe. Thus, we plea all the Respectable and Honorable Leaders to ease the current Duties and Tax structure of the Mobile phone sector in the upcoming budget so that it can contribute in the growth of the nation.
THE ENFORCEMENT OR INCREASE IN TAXATION WILL RESULT IN
- Significant increase in illegal traffic of mobile handsets.
- The law and order situation will get worse due ti illegal traffic from different regions.
- Unprepared gloom to mobile phone importers.
- The sector trimming will contribute to risk of unemployment.
- More burden on the buying power of the consumer.
- Decline in the revenue that was paid for the Duty and taxes by importers.
Depreciation of the operators due to invasion of alien products of per-tested and official distributes.