Government Takes Back 20 Paisas Per SMS FED Order

Recently, Government of Pakistan decided to impose Federal Excise Duty (FED) of 20 Paisas per SMS effective from July 1, 2009 and it was a shocking news for most of the Pakistani people as SMS was the only inexpensive way of communicating either between friends, relatives, colleagues, or family. BUT today things change and according to Hina Rabbani Khar, who is State Minister for Finance and Economic Affairs, the Government and has decided to take back the extra FED on every SMS.
The decision of imposing a Tax of 20 Paisas/per SMS could bring some big trouble to Pakistan Telecom Industry and this would have decreased the revenue of Telecom Companies and ultimately less Foreign Direct Investment (FDI). Thank God, some of our Leaders still got a brain in their heads.