Categories: Latest News

Pakistan’s traders call off their strike after striking an agreement with government

The ongoing strike by Pakistan’s traders has been called off after striking an agreement with the government on Tuesday.

All Pakistan Traders Association President Ajmal Baloch confirmed that the talks with the government went successful. He further added that a special desk would be established at the FBR Office in Islamabad to resolve the problems facing traders.

The government has agreed to defer the new condition requiring them to provide CNICs on transactions over Rs50,000 for three months at least.

After three months, the representatives of the government and traders will sit down to discuss the condition once again.

Furthermore, it has also been decided that the traders with sales of over Rs100 million will pay a turnover tax of 0.5% as opposed to 1.5%. The tax will be even less for small traders.

Related Post

As being reported, the clause for the sales tax registration has been modified too. Now, the limit of the electricity bill for the registration has been increased from Rs0.6 million to Rs1.2 million.

The government has also agreed to print tax returns forms in Urdu for new registrations.

Markets and wholesale merchants across Pakistan observed a strike on Tuesday to protest the IMF-backed taxation measures to document commercial and retail activities in the country.

Saman Siddiqui

Recent Posts

  • Latest News

Govt announces a five-day Eid ul Adha holiday

The government has announced a five-day Eid ul Adha holiday. According to the PM Office,…

8 mins ago
  • Latest News

Dr. Aafia Siddiqui’s mother passes away in Karachi

Dr. Aafia Siddiqui’s mother passed away in Karachi. Ismat Siddiqui, 80, was suffering from multiple…

3 hours ago
  • Entertainment News

Faysal Qureshi’s film ‘Sorry a Love Story’ shelved

Faysal Qureshi's film ‘Sorry a Love Story’ has been shelved! In a sad turn of…

16 hours ago
  • Celebrity News

Shoaib Akhtar embarks on Hajj as state guest of Saudi Arabia

Shoaib Akhtar embarks on the Hajj journey on Saturday as the state guest of Saudi…

20 hours ago
  • Music

Pop Music Icons Yasir Akhtar, Fringe Benefits Sue Nestle Basement Cafe Over Copyright

Pop Music icons Yasir Akhtar and Fringe Benefits sue Nestle Basement Cafe over copyright! In…

21 hours ago
  • Celebrity News

Model Sofia Khan announces pregnancy with a bold photo shoot

Sofia Khan, model turned actress, better known as Fia announced her pregnancy with a bold…

22 hours ago