ANL 14.51 Increased By ▲ 0.13 (0.9%)
ASC 13.30 Increased By ▲ 0.10 (0.76%)
ASL 14.00 No Change ▼ 0.00 (0%)
BOP 8.37 Increased By ▲ 0.02 (0.24%)
BYCO 6.50 Increased By ▲ 0.05 (0.78%)
FCCL 17.80 Increased By ▲ 0.12 (0.68%)
FFBL 26.00 Decreased By ▼ -0.01 (-0.04%)
FFL 11.15 Decreased By ▼ -0.08 (-0.71%)
FNEL 10.72 Increased By ▲ 0.03 (0.28%)
GGGL 14.90 Decreased By ▼ -0.35 (-2.3%)
GGL 31.40 Increased By ▲ 0.55 (1.78%)
HUMNL 6.22 Decreased By ▼ -0.21 (-3.27%)
JSCL 17.00 Decreased By ▼ -0.10 (-0.58%)
KAPCO 31.48 Increased By ▲ 0.68 (2.21%)
KEL 3.20 Decreased By ▼ -0.03 (-0.93%)
MDTL 2.20 Decreased By ▼ -0.05 (-2.22%)
MLCF 33.80 Increased By ▲ 0.55 (1.65%)
NETSOL 97.25 Decreased By ▼ -1.15 (-1.17%)
PACE 4.22 Decreased By ▼ -0.10 (-2.31%)
PAEL 23.00 Decreased By ▼ -0.06 (-0.26%)
PIBTL 7.43 Decreased By ▼ -0.14 (-1.85%)
POWER 6.65 Increased By ▲ 0.10 (1.53%)
PRL 13.50 Decreased By ▼ -0.30 (-2.17%)
PTC 8.90 Increased By ▲ 0.03 (0.34%)
SILK 1.30 Decreased By ▼ -0.06 (-4.41%)
SNGP 39.66 Decreased By ▼ -0.14 (-0.35%)
TELE 16.40 Decreased By ▼ -0.45 (-2.67%)
TRG 87.40 Decreased By ▼ -1.50 (-1.69%)
UNITY 25.22 Decreased By ▼ -0.24 (-0.94%)
WTL 2.10 Decreased By ▼ -0.03 (-1.41%)
BR100 4,519 Increased By ▲ 21.96 (0.49%)
BR30 18,277 Decreased By ▼ -62.37 (-0.34%)
KSE100 44,114 Increased By ▲ 178.41 (0.41%)
KSE30 17,034 Increased By ▲ 94.74 (0.56%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,709
524hr
Pakistan Cases
1,284,189
30324hr
0.82% positivity
Sindh
475,248
Punjab
442,950
Balochistan
33,479
Islamabad
107,626
KPK
179,928

ISLAMABAD: The business community across the country has decided to hold protest demonstration in front of Federal Board of Revenue (FBR) on September 29, 2021, against forced registration of business for sales tax.

This decision was taken at meeting of business community representatives Ajmal Baloch, President All Pakistan Anjuman-e-Tajiran and Traders Welfare Association Aabpara Market, Secretary Traders Action Committee and former Senior Vice President ICCI Khalid Chaudhry and Secretary General Islamabad Estate Agents Association Chaudhry Zahid Rafique.

According to the decision, business representatives from all over Pakistan held in Lahore, the business community of the federal capital Islamabad and the twin city of Rawalpindi will stage a sit-in protest in front of the FBR and take full part in the siege. Business representatives from all over Pakistan will arrive in Islamabad in convoys and march peacefully to the FBR offices on Constitution Avenue and stage a sit-in.

Amjad Baloch said that the FBR does not want to levy taxes unless the tax net is increased, when record of electricity connections is already available with Discos. The inclusion of furniture showrooms with an area of more than a thousand yards in the list is a gross abuse. "If the agreement reached between the traders and the FBR last year had been implemented, there would not have been any problems today. Now even small general stores in the streets are being forcibly registered for sales tax," he added.

They further said that the sales tax has to be paid by the people and the government has to collect it. Then why the shopkeepers are being forced to register. They come from the IMF. Due to wrong policies, there has been a storm of inflation in Pakistan today and the rupee is depreciating, which the SBP says is its deed.

Business leaders appealed to Prime Minister Imran Khan, Finance Minister Shaukat Tareen and Chairman FBR Dr Ashfaq to take notice of the FBR's anti-trade policies and reverse all unilateral decisions including POS. If an attempt is made to stop the traders' protest on September 29, the government and the FBR will be responsible for the situation.

Copyright Business Recorder, 2021

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.