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flag Pakistani court orders telecom giant to pay $78M in taxes, upholding FBR's tax assessment.

flag The Islamabad High Court has ruled in favor of the Federal Board of Revenue, ordering a major telecom operator to pay about Rs22 billion ($78 million) in taxes. flag The court determined that the company's transfer of tower assets to a subsidiary was taxable, as it did not meet the conditions for tax-neutral transactions under the Income Tax Ordinance. flag The ruling supports the FBR's authority to assess taxes on such transactions.

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