Observer Report
Karachi
Pakistan’s number one 4G operator and the largest internet and broadband service provider is amongst the largest taxpayers and the biggest foreign investors with an investment of over US$ 9.5 billion during the last 25 years. In the last 6 years alone, Jazz has contributed over PKR 251 billion to the national exchequer in the form of taxes and duties.
Jazz has always been a law-abiding corporate citizen and has been in the forefront for contributing to Pakistan’s economy in monetary and development terms, and as the market leader in telecom and internet services with over 63 million customers. The company has also discharged its social responsibility in floods, earthquakes, and recently in Covid-19 relief response worth over PKR 1.2 billion.
According to Jazz Spokesperson, “We have received a notice from FBR yesterday for the recovery of a disputed tax demand and we have serious reservations on these alleged taxes. The proceedings were carried out on plea of a tax recovery notice for a disputed amount from 2018 which is under legal proceedings.
