Pakistan’s Finance Minister has recently announced country’s budget for the year 2018 and 2019 and here’s the good technology news we’ve picked out from the budget.
While the new budget has brought harm to the smartphones industry, the budget assigned good money for the Science and Technology sector in Pakistan.
Now, that’s one good technology news we all have been waiting for.
Technology news has it that PKR 66 billion is allocated to Science and Technology in the Budget 2018-19:
Miftah Ismail, Pakistan’s Finance Minister, announced an amount of PKR 66 billion to be assigned to the Science and Technology sector in the country.
According to the reports by Tribune, the budget will be allocated to 19 ongoing projects and 11 new projects.
While the budget has brought better technology news, Pakistan telecommunication companies don’t seem satisfied:
Pakistan telecommunication companies, like many other political opposition parties, doesn’t seem happy with the Budget 2018-2019. But they don’t have any political reason behind it, but the governments’ unresponsive behavior towards their rationalization of IT and telecom tax proposal, is the actual reason.
These companies also presented various proposals for the government to recognize in the upcoming budget of 2018-19. However, the already heavily taxed sector, the telecom sector, didn’t earn any relief from the newly proposed budget.
Another technology news which isn’t a ‘good news’:
The newly proposed budget has stir controversies, not only in the political ground but in tech-market as well.
While the government has announced 66 billion rupees for the tech-market in Pakistan, the additional taxes imposed on smartphones won’t be taken positively.