A naukri.com initiative
TechJuice
2w
81
Image Credit: TechJuice
FBR Freeze Threat Forces Telenor, Jazz Subsidiary to Pay Rs26 Billion
- Telenor Pakistan and Deodar Pakistan (a Jazz subsidiary) have agreed to pay Rs26 billion in outstanding taxes to the FBR.
- The companies decided to comply after failing to secure relief from the IHC regarding withholding taxes on imported telecom equipment.
- The FBR initiated recovery efforts, including freezing bank accounts, but both telecom operators chose to settle the dispute by paying the respective tax liabilities.
- Deodar Pakistan, responsible for managing Jazz's network infrastructure, is in the process of being sold to Engro Corporation in a $563 million deal, pending resolution of legal matters.
Read Full Article
4 Likes
For uninterrupted reading, download the app