February 5, 2023
2 mins read

Pak traders turn against govt over fresh taxes

The organisation’s leaders warned the rulers that the country’s economic situation had left no room for burdening the general public and the trading community with more duties..reports Asian Lite News

Traders in Pakistan have threatened to launch a nationwide protest if the government imposes a fresh wave of taxes to fulfil International Monetary Fund’s (IMF) conditions and demanded that the government instead cut salaries of army generals, judges and parliamentarians, local media reported.

Representatives of the Markazi Tanzeem Tajiran (Central Organisation of Traders) of Pakistan said they would launch a protest movement across the country from February 13 if new taxes were introduced, Dawn reported.

The organisation’s leaders warned the rulers that the country’s economic situation had left no room for burdening the general public and the trading community with more duties, Dawn reported.

They expressed dismay that the state of the economy of a nuclear country was in dire straits and the situation was worsening with each passing day, and said that the public should not suffer because of the “flaws or crimes committed by the leaders of this country”, Dawn reported.

“Our reaction will be severe if more taxes worth billions of rupees were imposed, as being reported in the media,” Kashif Chaudhry, the organisation’s president, said, asking the stakeholders, including the ruling elites, to make “sane decisions” if they want to improve the economy.

Calling for a reduction in expenses incurred on the president, prime minister, legislators, judges, army officers and bureaucrats should be reduced, Mr Chaudhry said the government should cut all “non-productive expenditures” immediately by half, Dawn reported.

The traders’ representatives demanded the government formulate long-term and short-term economic policies and should ensure income tax collection from all sectors instead of imposing billions in taxes.

“I assure the government that the business community was ready to contribute to steering the country out of the current economic crises and we traders are ready to pay fixed taxes,” he said.

Khawaja Salman Siddiqui, the organisation’s chairman, said criticised Finance Minister Ishaq Dar, who he said was brought in by the PML-N to control the economy and stop the rupee’s downfall, but he failed to do the job, Dawn reported.

ALSO READ: Pakistan’s oil industry on brink of collapse

Previous Story

Meta shares soar almost 20% on fourth-quarter revenue beat

Next Story

I was never given a chance to enact tax-cuts: Truss

Previous Story

Meta shares soar almost 20% on fourth-quarter revenue beat

Next Story

I was never given a chance to enact tax-cuts: Truss

Latest from -Top News

INDIA bloc leaders detained after nine-hour sit-in

INDIA bloc leaders protested against the Election Commission and demanded CEC Gyanesh Kumar’s resignation before being detained after a prolonged sit-in…reports Asian Lite News Desk Leader of the Opposition in the Lok

Dhaka Tops World Pollution Rankings

Dhaka recorded an AQI of 213 on Tuesday, placing Bangladesh’s capital at the top of the global pollution rankings….reports Asian Lite News Desk Bangladesh’s capital Dhaka was ranked the world’s most polluted

Beyond tariffs, India courts American capital

India is courting US investors and companies for greater capital, manufacturing and technology partnerships as Washington and New Delhi continue difficult bilateral trade negotiations…reports Asian Lite News Desk India is stepping up

Asia Wants Alaska Gas

JD Vance says Alaska’s long-delayed gas pipeline will move ahead, citing Asian demand, despite South Korea warning that its investment remains under review….reports Asian Lite News Desk US Vice President JD Vance
Go toTop

Don't Miss

UK Leaders Demand Pakistan Sanctions over Rapist Deportation Row

UK opposition politicians have called for foreign aid and visa

US Mulls New Entry Ban for Pakistan, Afghanistan

Pakistani sources said that vetting may expose deficiencies, risking a