ISLAMABAD
\nWarning the government of observing a shutter-down strike countrywide, the Federation of Pakistan Chambers of Commerce & Industry\u2019s Businessmen Panel (BMP) and the Pakistan Industrial and Traders Associations Front (PIAF) have asked the FBR to stop harassing the traders and delay the implementation of the so-called tajir scheme, as the undue and excessive tax notices of the FBR have sparked panic among the business community.
\nThe Businessmen Panel (BMP) chairman and patron-in-chief of PIAF Mian Anjum Nisar observed that the traders are being issued undue notices to submit monthly tax of Rs60,000, which is totally unaffordable and unjustifiable, as the tax department has been ignoring what it has agreed with the traders.
\nHe urged the government to introduce special measures broadening the tax base by taking the business community on board, besides forming joint committees at district levels to address the challenges faced by local trade and investment.
\nHe said that the BMP and PIAF will fully back the shutter-down call given by the traders\u2019 organization on August 28 (Wednesday) against unjust taxation and government anti-traders policies.
\nMian Anjum Nisar strongly opposed the collection of double taxes on imports and demanded to immediately withdraw it. He presented these demands, which were unanimously approved in the meeting of the Executive Committee of the PIAF through a resolution here in PIAF office on Sunday.
\nThe FPCCI former president said that the notices have been issued to shopkeepers across various markets, irrespective of their registration status, causing widespread concern. We strongly oppose this unjust tax demand, which is inappropriate for both registered and unregistered individuals.
\nHe appealed the Prime Minister Shehbaz Sharif and Finance Minister Muhammad Aurangzeb to acknowledge the challenges faced by shopkeepers, whose businesses are already struggling due to diminished purchasing power and inflation. He urged the FBR to halt its demands for such an unrealistic tax.
\nHe said that tax officials are intentionally undermining the tajir scheme by issuing notices to everyone, regardless of their registration status. Despite promises that small shopkeepers would only face a tax of Rs1,000 to Rs1,200, notices have instead demanded an unmanageable Rs60,000, which many shopkeepers find impossible to pay. He emphasized that the Tajir Dost scheme, which currently suffers from significant flaws, needs a thorough review in consultation with all stakeholders. This is crucial to prevent further difficulties for shopkeepers already struggling amid rising inflation.
\nHe further noted that the severe inflation and high utility tariffs have already made it difficult for shopkeepers to sustain their livelihoods. In such circumstances, demanding an excessively high tax of Rs60,000 per month could force shopkeepers to shut their businesses permanently, exacerbating public and economic problems, he warned.
\nHe also demanded the immediate withdrawal of two percent tax imposed on exports by the Khyber Pakhtunkhwa government. He asked for the abolition of fixed tax Rs1,000 on commercial and domestic consumers in the electricity bills. The BMP chief also called for immediate withdrawal of the fixed tax imposed by FBR on shopkeepers ranging from Rs10,000 to Rs45,000.
\nHe termed the Tajir Dost scheme as an anti-trader initiative and said that the budget proposals presented by the chamber should be implemented with true spirit. He, while presenting the suggestions to increase mutual trade, export and transit trade said that there is a need to deregulate the country\u2019s economy.
\nHe said that the BMP had initiated an organized struggle against the IPPs contracts in which they have gained success because these wrong agreements are damaging the national economy.
\nHe said that for the development and stability of the country\u2019s economy, it is very important to provide facilities and incentives to the business community because the business community can play its full role in putting the economy in the right direction.
\nHE paid tribute to the sacrifices made by the people, business community and security forces of the country for peace.
\nHe said that for the improvement of business, trade and economy, it is the need of the hour to provide a peaceful and conducive environment for investors. He called for establishing good relations with neighboring countries including the promotion of Pakistan-Afghan mutual trade.
\nHe said that the government should fully pay attention to the provision of youth and women social and economic empowerment, and provision of health, education and basic facilities.
\nHe said the business community of the country was aware of the significance of the tax for economic development and it always remained at the forefront for ensuring full tax compliance for documenting the national economy and social prosperity.
\nThe FPCCI former president termed the track and trace system as imperative to check those involved in tax evasion and underlined the need for large-scale reforms in the Federal Board of Revenue, besides privatisation of lossmaking government entities and promotion of exports to initiate a journey towards economic stability.
\nDemanding incentives to allure investors for strengthening the economy, he said the National Tax Number must be declared mandatory for opening of bank accounts and for the sale and purchase of properties, adding that supplies to retailers having no NTN should be stopped henceforth.
\nHe urged for introducing a proper reward system to acknowledge outstanding business leaders and encourage them as well as to promote and develop the tax compliance culture in the country for achieving sustainable economic growth and social development.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Warning the government of observing a shutter-down strike countrywide, the Federation of Pakistan Chambers of Commerce & Industry\u2019s Businessmen Panel (BMP) and the Pakistan Industrial and Traders Associations Front (PIAF) have asked the FBR to stop harassing the traders and delay the implementation of the so-called tajir scheme, as the undue and excessive tax …<\/p>\n","protected":false},"author":4,"featured_media":60948,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-69365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/69365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=69365"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/69365\/revisions"}],"predecessor-version":[{"id":69381,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/69365\/revisions\/69381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/60948"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=69365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=69365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=69365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}