The government is mulling introducing an alternative scheme to cash rewards to IT companies against their exports.
Minister of State for IT and Telecommunication Shaza Fatima Khawaja chaired the first meeting of the Functional Committee on Information Technology and Telecommunication on Monday.
Member IT Syed Junaid Imam, Member Telecom Muhammad Jahanzeb Rahim, and authorities from the Finance Division, Ministry of Commerce, State Bank of Pakistan, Pakistan Software Houses Association (P@SHA), and Pakistan Telecommunication Authority (PTA) participated in the meeting.
P@SHA Secretary General Nadeem Malik briefed the chair about the cash reward scheme for the IT industry.
The meeting deliberated upon bringing an alternative scheme to cash rewards for IT exporters. A committee has been formed to deliberate on the matter.
The committee members include Member IT Syed Junaid Imam, P@SHA Secretary General Nadeem Malik, and a representative from the State Bank of Pakistan.
Govt planning to heavy tax on IT companies and giving them pennies in terms of cash rewards. A gimmick as usual. Internally IT exporters started planning other ways to bring remittances back. Govt really sold them to IMF.
Our company already switched to cash salary and bonuses from past 3 months and from next month we are shifting to in house office. Govt has no idea what they can lose in the lust of taxes.