Traders shutdown on Aug 5

LAHORE
Anjuman-e-Tajiran has announced a complete shutter down on August 5, 2015 on the imposition of tax on banking transactions announced by the government through Finance Act 2015.
The traders refused presidential ordinance of curtailing the 0.6 percent tax on banking transaction to half asking to also withdraw it.
The president of All Pakistan Anjuman-e-Tajiran Khalid Pervaiz addressing a press conference here Tuesday at the Lahore Press Club said that those who negotiated with the Finance Minister and Federal Board of Revenue (FBR) for withdrawal of tax were not true and real representatives of the traders. He said that traders had a single demand of withdrawal of 0.6 percent tax on banking transactions while no other solution would be accepted. He was accompanied by General Secretary Tayyab Rasheed Mir, Haji Maqsood Butt, Mujahid Butt, Arjmand Maqsood and presidents of various Lahore markets and traders.
The traders have already had shutter down of all wholesale markets of the city showing their power just a week ago, he said, adding that if the government would not withdraw the tax then the traders would launch civil disobedience movement.
Khalid Pervaiz said the government could not collect tax from them forcefully while the government and the FBR people did not think about negative impact of the tax on economy and losses to exchequer. The traders believed that it would increase the informal economy and the government objective of documentation of economy would not fulfill with such foolish taxation.
He said the traders would not provide their platform to any political party and politician to use them for their political gains. He said the government had given lollypop to traders for the two months through presidential ordinance which was rejected by the traders. He said deduction of tax on banking transaction was the theft on the amount of the account-holders while no such tax existed anywhere in the world.