I want to give an update on the events from the last few days:
Two days ago, FBR sealed Jazz offices. We find this choice of action coercive and unfortunate. It distorts the truth and shatters investor confidence. This has to do only with an adverse order passed by the appellate tribunal and is not related to customers - withholding tax, GST
Seizing an office may be an appropriate response for criminals and extortionists, but not for a company that has served Pakistan's core economy for over two and a half decades, having seen several political cycles.
Jazz represents the resilience of growing telecom infrastructure and the brand loyalty of 64 million Pakistanis. This overt display of force is disproportionate.
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