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

Remembering Shaheed Hakim Mohammed Said

Members of the Hamdard Shura Karachi chapter and young speakers of the Hamdard Naunehal Assembly…

7 hours ago

Farhan Ghani Arrested Over Alleged Assault on Government Servent, FIR registered

Pakistan Peoples Party (PPP) local leader and Chanesar Town Chairman Farhan Ghani has been arrested…

2 months ago

inDrive Partners with Essa Labs to Offer Drivers Up to 40% Off on Health Tests

inDrive, a global mobility and urban services platform, has joined hands with Essa Labs to…

2 months ago

tapmad Champions Hockey On and Off the Screen: Shamsher and Live Tournaments Bring the Sport Back into the Spotlight

tapmad Entertainment has cemented its position as a pioneer in Pakistan’s digital entertainment space, not…

2 months ago

Airblue Announces 14% Discount on Fares in Celebration of Independence Day

Airblue, one of the country’s leading private airlines, has announced a 14% discount on selected…

2 months ago

Ecommerce sector urges Govt for tax reduction and level playing field: PEA

The Pakistan eCommerce Association (PEA) has urged the government to reduce the tax burden on…

2 months ago