Advertisement
Categories: BusinessNewsPakistan

Traders Threaten Nationwide Protests Over New Tax Scheme

Advertisement

The trader community has threatened to take to the streets in protest against the government’s new tax scheme, which they have labelled as “anti-trader.” The All Pakistan Anjuman-e-Tajiran (APAT) and the Traders Action Committee have issued directives to traders nationwide, urging them to prepare for demonstrations.

Ajmal Baloch, President of APAT and the Traders Action Committee Islamabad, stated on Saturday that the trader community across Pakistan has outright rejected the government’s newly introduced trader-friendly tax scheme, describing it as “anti-trader.” He called on the Federal Board of Revenue (FBR) to withdraw the SRO immediately and engage in negotiations based on traders’ suggestions.

“The valuation table set by the FBR is impractical and unjust to various markets in smaller cities, as well as in Islamabad, Lahore, Karachi, Multan, Quetta, Peshawar, and Faisalabad,” Baloch said. “What is the fault of the old taxpayers who are also included in this scheme? Expanding the tax net is necessary, but the question lies in FBR’s capacity.”

Baloch emphasised that traders across the country have been advised to prepare for protests and shutdowns, declaring that the trader-friendly scheme will not be implemented under any circumstances. Speaking at an online consultative meeting with Malik Mehr Ilahi, President of Khyber-Pakhtunkhwa Traders, Abdul Rahim Kakar, President of Balochistan Traders, Abdul Qayoom Qureshi, President of Sindh Traders, Jameel Ahmed Paracha, Chairman of Sindh Traders Ittehad, Iftikhar Feroz, President of Azad Kashmir Traders, and Tariq Kareem, President of South Punjab Traders, Baloch highlighted the dire situation faced by traders.

“There has been a 70% decline in purchasing across the country. Electricity bills have broken the traders’ backs. Under such conditions, it has become extremely difficult to conduct business, and if the situation persists, traders will be forced to shut down their businesses,” Baloch warned.

Advertisement
News Desk

Recent Posts

PM Shehbaz Removes PTV Fee from Electricity Bills, Launches Consumer-Led Billing App to Curb Overcharging

Prime Minister Shehbaz Sharif announced on Sunday the complete elimination of the PTV licence fee…

5 hours ago

Strengthening Educational Assessment in Balochistan: AKU-EB Concludes Capacity Building Project with Balochistan Assessment and Examination Commission

The Aga Khan University Examination Board (AKU-EB) has successfully concluded a capacity development and technical…

5 hours ago

Revolutionizing Pakistan’s Digital Landscape: USF Launches 7 New Broadband Services/Ofc Projects of Pkr 7.49 Billion to Enable 3.76 Million Residents From 12 Districts

In a landmark decision, the Universal Service Fund's (USF) Board of Directors has greenlit seven…

5 hours ago

Pakistan Enters Top 100 of Global Passport Index, Eyes Further Gains with Digital Upgrades

Pakistan’s passport has made a notable leap in global mobility rankings, entering the top 100…

1 day ago

International Survey Reveals Pakistanis Support Actions to Address Climate Change

An international survey conducted across 17 total countries, including Pakistan, was commissioned by the Global…

1 day ago

Pakistan’s first AI data center launched

Data Vault Pakistan has officially launched the country’s first AI-focused data center in Karachi, a…

1 day ago