Tax cut for telecom sector in upcoming budget
Cabinet grants status of industry to telecom sector
A senior govt official said the spectrum strategy would provide a roadmap to the operators and manufacturers for investment in the telecom sector. PHOTO: FILE
ISLAMABAD:
The government on Thursday announced that it would reduce taxes on the telecom sector in the upcoming budget in order to give a boost to the information technology industry.
On recommendations of the Ministry of IT and Telecommunication, the federal cabinet has approved the grant of industry status to the telecom sector and a gradual reduction in heavy taxes on the sector and mobile phone users.