Ordinances for enforcing taxes: traders, industrialists take out protest rally

Sizing Industry and Powerlooms Units observed complete shutter down strike, here on Sunday, while large number of Industrialists, Traders and Industrial workers took out a big protest rally against the three Ordinances for enforcing 17.5 percent Sales Tax, Federal Excise Duty and 15 percent Flood Surcharge over existing Income Tax.
Meanwhile Yarn and Grey Cloth Merchants announced to close down their business on March 21 to registered their protest against forcibly enforcement of 19.5 percent General Sales Tax.
Addressing a protest rally at Chowk Clock Tower, Shakeel Ahmad Ansari, Chairman, All Pakistan Sizing Industries Association announced that the protest rallies would be taken out till acceptance of the demands including withdrawal of the three Ordinances. Waheed Khaliq Ramey, Chairman, Council of Looms Owners and other also addressed the meeting.
Chaudhry Salamat Ali, Chairman, Pakistan Hosiery Manufacturers & Exporters Association (PHMA) North Zone expressed grave concern over the Taxation Policy and said that Federal Government has imposed several taxes on various segments of Textile sector including sales tax on textile business chain, which would affect the Ginners, Spinners, Weavers, Hosiery manufacturers and small scale ancillaries. Resultantly, industrial sector become sick and trading sector become bank corrupt.
Salamat Ali said just after enforcement of three ordinances as Mini Budget, every person is paying tax indirectly on mobile balance and his bank account on withdrawal of money.
He demanded that three ordinance should be withdrawn immediately in the best interest of the country. Syed Fahim Mehmood Shah, Chairman, Pakistan Yarn Merchants Association (PYMA) Punjab and Khebar-Pukhtunkhaw Zone out rightly rejected the three Ordinances of the President and announced that they will be strongly opposed the harsh mini budget.