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Technolog & Business News from Pakistan

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P@SHA Chairman Criticizes Budget for Ignoring IT Growth Proposals and Increasing Taxes

GST increase on IT hardware from 5% to 10%, arguing that it will hinder digitalisation efforts

Pakistan Software Houses Association (P@SHA) Chairman Muhammad Zohaib Khan expressed disappointment over the budget for failing to address P@SHA’s proposals for IT growth. He noted that none of their demands were met and that the skilled salaried class now faces higher income taxes, potentially leading to a significant brain drain. The Rs79 billion allocation is primarily for government projects and IT parks, with no payroll incentives for the IT industry to address remote worker issues.

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Khan also criticized the GST increase on IT hardware from 5% to 10%, arguing that it will hinder digitalisation efforts. He emphasized that the budget does not fulfill the promises made by the government and stated that P@SHA will seek clarification and request necessary amendments to support the IT sector’s growth.

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