3G/4G network to generate 900,000 jobs: minister

Minister says successful telecos to pay 10% advance tax

ISLAMABAD – Chief executive officers (CEOs) of the different telecommunication companies namely Ufone, Mobilink, Zong and Telenor called on Minister for Finance and Economic Affairs Senator Ishaq Dar to discuss issues related to taxes on account of auction of 3G/4G spectrum at the Finance Ministry on Wednesday.

The minister congratulated the winners of the spectrum auction and said that the government would provide all necessary guidance and assistance to reap the benefits of new technology just rolled out in Pakistan. “We are satisfied that the auction process was completed in the best transparent manner duly recognized globally,” he said.

Pakistan is now moving forward for the development of the necessary infrastructure which will result in creation of 900,000 employment opportunities in the next few years. The minister complemented the CEOs, on behalf of the government, of the successful winners of auction of 3G/4G spectrum. He said that it was mandatory that the telecos have to pay 10% advance tax under Section 236A of the Income Tax Ordinance 2001on the auction sale price of the Spectrum.

The companies expressed their agreement to follow the law and make payments due under the law. “We want to facilitate international investors and provide them an environment which is conducive to economic activity in the country,” he said and hoped that the telecos would work for telecommunication development in the country.

The CEOs expressed their appreciation for transparency and fairness during the whole process and said that it will contribute technological resources to Pakistan's socio-economic sectors. They observed that spectrum auction would further add to the renewed confidence of the international investors in Pakistan's economic policies. They resolved to introduce new technology, local based telecom industry and to provide maximum service benefits to the consumers as a result of spectrum auction.

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