ISLAMABAD: A telecom sector delegation on Thursday requested Minister of Finance Miftah Ismail to remove the prior approval requirement imposed by the State Bank of Pakistan (SBP) for the import of telecom equipment and reduce withholding tax from 15 per cent to 8pc on essential telecom services.

A delegation called on the finance minister and the Minister of IT & Telecom, Syed Amin-Ul-Haque, in separate meetings. The delegates told the government that the economic conditions and policy making in Pakistan were threatening the survival of the telecom sector in the country.

The finance minister assured the delegation, which included Veon Group’s CEO Kaan Terzioglu, head of investor relations Nik Kershaw, shareholder Matteo Scolari, and Jazz CEO Aamir Ibrahim, that their issues would be resolved at the earliest and stressed foreign investment in various sectors in Pakistan.

Mr Terzioglu said that the telecom industry has been severely impacted due to an unprecedented rise in the cost of operations, primarily higher costs of fuel, electricity, interest rates, and constantly increasing dollar-pegged spectrum installments.

Published in Dawn, September 9th, 2022

Opinion

Editorial

Reforming militants
24 Jul, 2024

Reforming militants

Such initiatives have been tried before, in Swat for instance, at centres run by the military as well as NGOs.
IPP debate
24 Jul, 2024

IPP debate

A FIERCE debate blaming the exorbitant electricity prices on expensive power purchase agreements with IPPs has been...
Political vendettas
24 Jul, 2024

Political vendettas

IT seems that the PML-N and PPP need to be reminded again that they are doing themselves a considerable disservice ...
Security concerns
23 Jul, 2024

Security concerns

All stakeholders want what is best for the country and its people; their differing approaches shouldn’t be viewed with such suspicion all the time.
Frankfurt vandalism
23 Jul, 2024

Frankfurt vandalism

THE state needs to seek serious answers from the German authorities regarding the July 20 mob attack targeting...
Stressed cotton economy
23 Jul, 2024

Stressed cotton economy

DECREASING cotton production should be a worry for the government because of its socioeconomic implications. Early...