A delegation of telecom infrastructure companies and venture capital (VC) firms has proposed reforms to Pakistan’s tax system. The aim is to encourage sector growth, attract investment, and support expansion in both telecom and VC sectors.
Finance Minister Muhammad Aurangzeb held a meeting at the Finance Division with representatives from TOWERCO Pakistan, VC firms, legal and regulatory advisory firms, and public sector organizations, including Ignite, on Friday. The meeting focused on taxation, the investment climate, and growth opportunities for the telecom and VC industries.
Federal Minister for IT & Telecommunications Shaza Fatima Khawaja, Chairman of the Federal Board of Revenue (FBR), Chairman of the Securities and Exchange Commission of Pakistan (SECP), and senior ministry officials also attended the session.
During the meeting, the delegation explained their business models, operational challenges, and infrastructure deployment issues. They presented proposals aimed at rationalising and relaxing the tax regime to facilitate growth, increase investment, and support expansion in telecom and venture capital sectors.
The proposals were framed to strengthen digital connectivity, improve service delivery, and foster innovation-driven economic activity in Pakistan.
Finance Minister Aurangzeb recognised the critical role of telecom infrastructure in enabling nationwide connectivity. He also highlighted the importance of venture capital in supporting entrepreneurship, innovation, and job creation. The minister stressed that a predictable and transparent policy and tax framework is essential to attract long-term investment.
The minister emphasised the government’s commitment to facilitating private sector-led growth, particularly in technology-driven and investment-intensive sectors. He noted that balancing fiscal considerations with business support is key to formalising the sector and enhancing Pakistan’s digital and innovation ecosystem.
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It was agreed that a dedicated working group, including representatives from the Tax Policy Office and other stakeholders, would review the proposals. The group will develop actionable recommendations to implement reforms and support sustainable growth in telecom and VC sectors.
