Budget 2020 – Pakistan cuts sales tax on locally made mobile phones
Islamabad – Pakistan Tehreek-e-Insaf (PTI) government announced a cut in sales tax for locally made mobile phones while allowing the manufacture of technical gadgets in Pakistan.
The move will reduce the cost of mobile manufacturing and its prices for users in the country.
Production and Industry Minister Hammad Azhar announced in his budget speech on Friday, a few days after the report came out that tax payments and fees on mobile consumers and operators in Pakistan were among the highest in developing Asia.
In its report titled ‘Pakistan: Towards a Fully Developed Digital Economy’ earlier this week, the International GSM Association (GSMA) underlined that growing populations and mobile phones are at the heart of efforts by the public and private sectors. While accelerating the economy towards its economic potential, Pakistan needs to “simplify access and digital connectivity, and reduce the coverage gap”.
The importance of the mobile sector to Pakistan is significant and growing. It is an important contributor to the economy and is redefining the way individuals, businesses and state bodies act and interact.