19.5 % Excise duty Archives

FDI foreign telecom companies Investment inflow showing negative !

On: October 19, 2015

Tagged: $ 2.1 million, 19.5 % Excise duty, Foreign, Inflows, Telecom sector

KARACHI ( MEDIA REPORT ) The telecom sector remains one of the top sectors that contributes in bringing foreign direct investment (FDI) in Pakistan, however the sector’s investment currently stands at $25.8 million in the first quarter of 2015-16. Statistics of the State Bank of Pakistan (SBP) stated that theRead More →

Mobilink and Ufone increased 3G Prices

On: July 29, 2015

In: Telecom

Tagged: 19.5 % Excise duty, 3G Packeges, Incearsed, Rates

ISLAMABAD ( MEDIA REPORT ) Ufone and Mobilink have increased 3G prices by 19.5% due to new tax that is imposed by Punjab government that it once agreed to take back but then backed off from the stance. Since Punjab government is not issuing the reversal notification for internet taxesRead More →

Imposition of the tax on data services will hamper economic growth. Telecom operator

On: June 12, 2015

In: Telecom

Tagged: 14% advance tax, 19.5 % Excise duty, Heavy Taxes, Wahaj Siraj

KARACHI ( MEDIA REPORT ) Telecom companies on Thursday, while criticising the imposition of tax on internet, threatened to stop their expansion plan if the government doesn’t withdraw the tax. “The uncertain and unpredictable policies of the government are hampering the future investment from the telecom companies,” said Wahaj usRead More →