AGL 37.94 Increased By ▲ 0.09 (0.24%)
AIRLINK 155.22 Increased By ▲ 12.75 (8.95%)
BOP 9.07 Increased By ▲ 0.06 (0.67%)
CNERGY 6.72 Increased By ▲ 1.00 (17.48%)
DCL 9.53 Increased By ▲ 0.29 (3.14%)
DFML 40.31 Increased By ▲ 0.87 (2.21%)
DGKC 92.95 Increased By ▲ 3.64 (4.08%)
FCCL 38.38 Decreased By ▼ -0.16 (-0.42%)
FFBL 78.58 Increased By ▲ 1.14 (1.47%)
FFL 13.60 Decreased By ▼ -0.02 (-0.15%)
HUBC 110.19 Increased By ▲ 0.90 (0.82%)
HUMNL 14.89 Decreased By ▼ -0.24 (-1.59%)
KEL 5.73 Decreased By ▼ -0.05 (-0.87%)
KOSM 8.47 Increased By ▲ 0.27 (3.29%)
MLCF 45.66 Increased By ▲ 1.13 (2.54%)
NBP 76.17 Increased By ▲ 2.55 (3.46%)
OGDC 191.87 Increased By ▲ 0.11 (0.06%)
PAEL 30.48 Increased By ▲ 2.77 (10%)
PIBTL 8.16 Increased By ▲ 0.17 (2.13%)
PPL 166.56 Decreased By ▼ -0.61 (-0.36%)
PRL 29.44 Increased By ▲ 2.61 (9.73%)
PTC 20.07 Decreased By ▼ -0.62 (-3%)
SEARL 96.62 Decreased By ▼ -0.91 (-0.93%)
TELE 8.27 Increased By ▲ 0.06 (0.73%)
TOMCL 34.26 Decreased By ▼ -0.74 (-2.11%)
TPLP 10.22 Increased By ▲ 0.32 (3.23%)
TREET 17.66 Increased By ▲ 0.31 (1.79%)
TRG 61.25 Increased By ▲ 0.25 (0.41%)
UNITY 31.97 Increased By ▲ 0.33 (1.04%)
WTL 1.47 Increased By ▲ 0.01 (0.68%)
BR100 11,216 Increased By 119.9 (1.08%)
BR30 33,650 Increased By 395.8 (1.19%)
KSE100 104,559 Increased By 1284.1 (1.24%)
KSE30 32,366 Increased By 396.5 (1.24%)

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

Comments

Comments are closed.