MoIT&T continues to play its role to resolve telecom sector issues

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IT Minister

MoITT has been pursuing with different Govt. agencies for facilitating the IT and Telecom sector. In-light of the directions of Prime Minister of Pakistan, a meeting was convened between SBP & FBR representatives and MOIT/PSEB, PASHA teams under the Chairmanship of SAPM for youth affairs Ms. Sheza Khawaja at Prime Minister’s office on Monday, 24th October.

According to MOITT sources the meeting issues of IT/ITES sector regarding FBR and SBP were discussed at length with positive outcome on both tax and banking regimes for the sector.

FBR was forthcoming to resolve issues of ICT sector with assurance to ensure resolution of issues being faced by IT companies and freelancers including policy and operational matters.

FBR noted down and deliberated on the FTR regime related issues identified by the sector and assured their early resolution after internal deliberation.

Similarly, SBP assured the early resolution of 35% USD amount retention in FCY accounts and its repatriation by IT/ITES Companies.

A meeting has immediately been setup between SBP, MoITT, PASHA and commercial banks to address operational issues being faced by IT sector at commercial banks for availing above facility.

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