In a letter to Finance Minister Shaukat Tarin and IT Minister Syed Aminul Haq, all of the telecom companies including PTCL, Jazz, Telenor, Ufone, and Zong4G have shown resentment over the new proposal in the Finance Bill 2021 to levy FED at the rate of Rs0.75 after 5-minutes call.
Telecom Companies Dismiss Levy on Calls Exceeding 5 minutes
Furthermore, the telecom companies said that this new development would shake the confidence of the investor community in the telecom industry of Pakistan that had remained the biggest recipients of foreign direct investment (FDI). According to the letter, Moreover, the letter said that more than 90 percent of voice minutes were used via packages, and if this service was abolished and normal rates were charged to customers, then their call rates would ramp up multiple times. In addition to that, the clarification presented by the finance minister regarding his own budget speech that no new taxes would be levied on the telecom sector was mentioned in the letter. Apart from this, the general public has also shown resentment over these new taxes. Check out? Zong 4G Partners with Telemart to Bring Exclusive Discount Deals through MZA
