Business

SCCI rejects imposition of fixed tax on traders

PESHAWAR
Sarhad Chamber of Commerce and Industry president Fuad Ishaq rejected imposition of fixed tax on traders and asked the government to immediately take back its decision.
Otherwise, he said SCCI along with traders’ community will force on protest against unjust taxes.
Fuad Ishaq was speaking during a protest camp of Peshawar’ saddar traders against fixed tax imposed by the Federal Board of Revenue here on Thursday.
Accompanied by SCCI’ senior vice president Sanaullah Khan, vice president Ejaz Khan Afridi, former vice president Javed Akthar, Tajir Itehad President Mujeebur Rehman, Faiz Rasool, Saddar Gul, Fazl e Wahid, the chamber’ president Fuad Ishaq visited the traders protest camp.
The traders hoisted banners with noted voices ‘Unacceptable unjust taxes’, ‘Unacceptable Tajir Dost Scheme’ and ‘Give peace and get taxes’.
The protesting traders also hoisted black flags in camp and raised slogans in favour of their demands.
Fuad Ishaq said that today, traders are on protest owing to wrong policies of the government, adding that SCCI had presented budget proposals, which were yet not being implemented, which is highly regrettable.
The SCCI chief called Pakistan’s tax system as outdated, asking for enforcement of the tax system on the pattern of the UAE by altering the prevailing Australian Tax system.
Traders are the backbone of country’ economy, and they want to give taxes but imposition of unjust taxes is unacceptable, which should be withdrawn immediately, Fuad said.
He continued to say that the business community is in great trouble owing to wrong policies.
The SCCI chief emphasized taking pragmatic steps to put affairs in the right direction.
Otherwise, he clarified that protest/strike of the traders will damage the economy.
Fuad Ishaq said SCCI was proactively taking up traders’ issues with relevant authorities at provincial and central level.
He said the chamber had already rejected additional taxation measures through budget 2024-25.
He made it clear that SCCI is supporting traders’ protest/strike against unjust taxes and will stand with them.

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