Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Fed cuts interest rates below 4%

December 10, 2025

The market likes what it heard from the Fed — plus, Lilly’s new $6B manufacturing investment

December 10, 2025

US seeks ‘constructive’ reset with China as trade tensions ease: Greer

December 10, 2025
Facebook X (Twitter) Instagram
Wednesday, December 10
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » ‘Mobile phones can no longer be treated as luxury goods’ – Technology
Economist Intelligence

‘Mobile phones can no longer be treated as luxury goods’ – Technology

adminBy adminDecember 9, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 7


Mobile phones could no longer be treated as luxury goods, nor considered comparable to high-value imported items such as luxury vehicles, the Standing Committee on Finance and Revenue chairman Syed Naveed Qamar said on Tuesday.

Qamar passed these remarks in the committee’s 21st meeting at the Parliament House, Islamabad.

The lawmaker expressed deep concern over what he described as the “unreasonably high” taxes imposed on mobile phones, as per an official release from the National Assembly.

“Instead, they [mobile phones] have become an essential tool for daily life, communication, education, financial transactions, and access to public services for the average citizen.”

Qamar stressed that excessive taxation on such “a basic item disproportionately burdens the common man, especially in the context of rising inflation and the financial hardships faced by many households”.

Pakistan offers region’s ‘most affordable’ data-only mobile broadband services, Senate panel told

He further noted that while the objective of taxation was to ensure revenue generation and regulate imports, the structure must remain fair, practical, and reflective of ground realities.

In this regard, he advised the Federal Board of Revenue (FBR) and the Tax Policy Office to revisit the prevailing tax rates applicable to mobile phone imports under the personal baggage and registration system.

Qamar emphasised the need for a balanced approach that safeguards revenue interests without undermining public accessibility to essential communication devices.

He directed both institutions to undertake a joint reassessment of the current tax framework and to develop evidence-based recommendations. He instructed them to prepare and submit a detailed report—covering policy options, economic impact, international comparisons, and proposed revisions—by March 2026, enabling the committee to examine the matter comprehensively in its forthcoming meeting.

The committee considered ‘The Corporate Social Responsibility Bill, 2025’, moved by Dr Nafisa Shah, MNA and recommended that the Bill, as amended, might be passed by the Assembly.

The committee received briefing from the Chairman of the Pakistan Telecommunication Authority (PTA) and the Chairman of the FBR on matters related to the taxation regime applicable to mobile phones brought into Pakistan by overseas Pakistanis.

Syed Ali Qasim Gillani, MNA, the Special Invitee and the Hon. Members of the Committee voiced “strong criticism over the substantial taxes imposed on mobile phones brought into Pakistan, particularly those carried by overseas Pakistanis”.

It was highlighted that excessive taxation on imported mobile devices was creating “undue hardship” not only for overseas Pakistanis but also for millions of local users.

He noted that both the PTA and FBR remained linked to the difficulties faced by citizens “who bring mobile phones from abroad, as these devices are taxed again upon entry into Pakistan”.

The committee also considered ‘The Income Tax Ordinance (Third Amendment) Bill, 2025’ (Government Bill) and recommended that the Bill, as amended, might be passed by the Assembly.

The committee considered ‘The Netting of Financial Arrangements Bill, 2025’ (Government Bill) and deferred for the next meeting with the directions that the finance division to revisit the legislative document by improving language with clarity of powers and qualification and present it in the next meeting of the committee.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Intelligence

Pakistan govt completes PHL settlements with ‘largest-ever debt market transaction’ – Markets

December 10, 2025
Economist Intelligence

Regulatory frameworks across major sectors in Pakistan ‘outdated’, says CCP chairman – Markets

December 10, 2025
Economist Intelligence

KAPCO resumes power generation as NEPRA clears tariff hurdles – Business & Finance

December 10, 2025
Economist Intelligence

OGDCL discovers oil & gas in Khyber Pakhtunkhwa – Business & Finance

December 10, 2025
Economist Intelligence

PSX to witness 16 IPOs in 2026 as 3-year stock rally tops 300%: Bloomberg report – Markets

December 10, 2025
Economist Intelligence

US EXIM approves $1.25bn financing for Pakistan’s Reko Diq – Markets

December 10, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Pakistan govt completes PHL settlements with ‘largest-ever debt market transaction’ – Markets

December 10, 2025

Regulatory frameworks across major sectors in Pakistan ‘outdated’, says CCP chairman – Markets

December 10, 2025

KAPCO resumes power generation as NEPRA clears tariff hurdles – Business & Finance

December 10, 2025

OGDCL discovers oil & gas in Khyber Pakhtunkhwa – Business & Finance

December 10, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Fed cuts interest rates below 4%
  • The market likes what it heard from the Fed — plus, Lilly’s new $6B manufacturing investment
  • US seeks ‘constructive’ reset with China as trade tensions ease: Greer
  • US Fed delivers quarter-point rate cut as policymakers weigh inflation outlook
  • Palladium drops 3% before Fed’s decision

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Fed cuts interest rates below 4%

December 10, 2025

The market likes what it heard from the Fed — plus, Lilly’s new $6B manufacturing investment

December 10, 2025

US seeks ‘constructive’ reset with China as trade tensions ease: Greer

December 10, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.