What Happened: The National Assembly reported that social media platforms generated Rs 7.129 billion in sales and paid Rs 785 million in taxes in Pakistan for the 2023-24 fiscal year.
What you need to know: The National Assembly was informed on Friday that during the 2023-24 fiscal year, various social media platforms, including Google, Facebook, and WhatsApp, earned a total of Rs 7.129 billion in sales revenue from Pakistani citizens. The government collected Rs 785 million in taxes from these platforms.
WHat more: In a written reply to a question from Wajiha Qamar, Finance Minister Muhammad Aurangzeb provided details based on Federal Board of Revenue (FBR) records. According to these records, Google generated the majority of the revenue, with sales amounting to Rs 6.876 billion.
Also: Meanwhile, Facebook and WhatsApp together contributed Rs 343 million in sales revenue