Imposition of WHT: agriculture commodities traders convene meeting

Arhtis and traders of agriculture commodities have called a meeting on Thursday (today) to look into the issue of imposition of 3.5 percent Withholding Tax (WHT) on agriculture produce. President Anjuman Arhtian Lahore, Ijaz Chaudhry said here on Wednesday that both traders and arhtis have reservations and worries upon imposition of 3.5 percent Withholding Tax (WHT) on agriculture produces.
Traders believe that the imposition WHT on agriculture produce would further increase the prices of every day commodities. He said that traders and vendors have great anxiety over the imposition of WHT on agriculture, as it would not only eat away the liquidity of the traders but also increase the cost of agriculture produces.
He said their Association had called a meeting on Thursday (today) to decide future strategy. However, he said, no intimation or notification has been received yet, but traders were really worried about this new taxation. He said that the imposition of WHT on agriculture produce would further increase the food inflation, which was already touching peaks.
Ijaz pointed out that traders from different fruit and vegetable markets had already launched campaigns against WHT imposition. A number of protests had already been witnessed in different vegetable and fruit markets and traders would not give up in their struggle against the new taxation regime.