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Pakistan's Telecoms Sector Seeks Tax Cuts

by Mary Swire, Tax-News.com, Hong Kong

28 May 2009

Pakistan's Telecommunication Authority (PTA) has requested that the forthcoming budget include tax concessions for the industry.

Speaking at a telecom seminar, the PTA's Chairman, Mohammad Yaseen, announced that a request had been sent to the country's Federal Board of Revenue (FBR) for the current 21% tax levy on the industry to be reduced to 16%.

Yaseen explained that the heavy tax burdens had stunted growth in the sector.

The PTA Chairman also encouraged telecoms companies to collaborate synergistically in order to cut costs.

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