Traders announce to go on shutter down strike

Traders say shutter down strike is against ‘IMF-dictated anti-traders’ tax measures in budget 2019-20


Staff Report



President All Pakistan Markazi Anjuman-e-Tijaran Ajmal Baloch and Traders Action Committee Islamabad Secretary Information Khalid Chaudhry visited various markets of Islamabad and asked traders to observed shutter down on 13th July against tax measures of the government taken in budget 2019-20.

They also called a meeting of local traders at Haven Height Hotel, Sitara Market, Islamabad on Thursday on this issue after which a briefing would be given to the media.

Ajmal Baloch said that shutter down strike would not be against the government, rather it would be against the IMF-dictated anti-traders’ tax measures in budget.

He said that the detail of conditions given in the staff report released by IMF on Monday was quite disturbing as implementation of these conditions would further squeeze the business activities and the economy.

He said that Chairman FBR had been advising people on how to avoid tax payment and now he wanted to bring people into tax net within days, which was not feasible.

He said that government should have trained people on tax matters and created awareness in them about the benefits of tax payment, but nothing of this sort was done while amnesty scheme also seemed to have flopped.

He said that FBR was not ready to listen to the traders due to which trading community was worried while people were also facing great inflation.

He demanded that Prime Minister Imran Khan in consultation with traders should announce forthwith amendments in budget otherwise traders would go for complete shutter down on Saturday.

Khalid Chaudhry former Senior Vice President ICCI and Secretary Information Traders Action Committee Islamabad said that without bringing any reforms in FBR, government has handed over budget matters to the IMF.

He said that increase in dollar price has brought a new wave of inflation in the country while imposition of new taxes in budget have created great concerns in the business community. He appealed to traders to observe shutter down on Saturday for protection of their business interests.