KARACHI: In a good development, Mobile Phones taxes in Pakistan to bedrastically cut by the Federal Board of Revenue (FBR).
FBR has proposed to slash regulatory duty (RD) on import of mobile phonesby up to 50 per cent in some cases, saying the move is aimed to “providerelief to the common man and to support digitisation endeavours.”
The move is expected to have no impact in overall collection of dutiesunder this head, since the FBR believes it will lead to higher volume ofimports.
Read Top Stories
“This reduction in duty/tax is expected to increase import volume ofmobiles in Pakistan,” the summary, which carries the signature of FBRChairman Shabbar Zaidi, says. This may “to some extent, neutralise theotherwise negative impact of this measure.”
