PM backs fixed tax on IT sector
Prime Minister Shehbaz Sharif on Tuesday supported the idea of a fixed tax regime for the IT sector in the upcoming budget and also constituted a committee in this regard. Chairing a meeting, which was attended by Finance Minister Ishaq Dar and IT Minister Syed Amin-ul Haque, the prime minister also approved a $4.5 billion IT export target for 2023-24. Among others, the meeting was also participated by the State Bank governor, Federal Board of Revenue chairman, P@SHA chairman Muhammad Zohaib Khan, PTCL President and CEO Hatem Bamatraf and the senior executives of Jazz and Telenor. The meeting also accorded a principle approval for providing special incentives to new startups and special concessions for the promotion of business and trade through modern technology.