Punjab’s traders to protest against tax on bank transactions

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Traders all over Pakistan have announced to protest against withholding tax on Monday.

Traders have announced to withdraw all their savings if the decision is not taken back. They have announced to observe shutter down in several cities including Lahore.

Protest against tax (6)

Trader community is in uproar against the implementation of withholding tax. In a public gathering by the traders in Karachi, they delayed a strike which had been previously announced on Monday.

KARACHI, PAKISTAN, JUL 06: Traders are protesting as they the traders are demanding to  withdrawal of 0.6% tax on banking transactions, during a demonstration at Karachi press club on  Monday, July 06, 2015. (S.Imran Ali/PPI Images).
KARACHI, PAKISTAN, JUL 06: Traders are protesting as they the traders are demanding to
withdrawal of 0.6% tax on banking transactions, during a demonstration at Karachi press club on
Monday, July 06, 2015. (S.Imran Ali/PPI Images).

Traders have threatened to pull out their savings out of the banks if the decision is not taken back.

Traders in Lahore have announced strike on Tuesday to protest the decision. They have said that such a decision will harm masses as well as banking sector.

In Faislabad, traders have announced shutter down as well as many traders organizations have announced to take out rallies.

Protest against tax

In Sargodha, traders have agreed to observe shutter down on July 8 as well.

Px06-011 SUKKUR: Jul06 - Traders of Nishtar Road hold a demonstration in support of their demands in Sukkur. ONLINE PHOTO by S P Khan
Px06-011
SUKKUR: Jul06 – Traders of Nishtar Road hold a demonstration in support of their demands in Sukkur.
ONLINE PHOTO by S P Khan

In Multan, traders protested in front of regional tax office. Participants of the protest have said that implementing the tax is paramount to injustice and will not be accepted at all costs. NNI

Protest against tax (6)

PPP rejects 0.6PC tax on bank transaction

KARACHI, July 06 (NNI): Pakistan People’s Party (PPP) Sindh Chapter General Secretary Senator Taj Haider and PPP Karachi Division President Syed Najmi Alam and MPAs Dr Sohrab Khan Serki and Syed Nasir Shah while rejecting the imposition of 0.6 percent of withholding tax on account holders for making any transaction on an amount of Rs.100000 termed the imposition a sheer tyrant act of PMLN’s federal government.

Traders are protesting

In a statement issued from the PPP Media Cell Sindh, they said the PMLN government had gone mad in love of the IMF like a “Majnoo” and was taking steps for an unprecedented boost in price-hike and poverty on dictation of the IMF.

They said that the PMLN’s federal government had since day one it came into powers adopted anti-masses policies and deliberately deprived the people of the country of the benefits of low POL prices in international market as the PMLN’s federal government did not pass the due relief on to the masses.

They said the PMLN’s federal government inflicted agony onto the masses in the holy month of Ramadan through failing to check the unannounced blackouts in Sindh and inflated electricity bills while in addition it also failed to curb the profiteering and loot.

They said that the PMLN’s federal government had now at the behest of the IMF imposed 0.6 percent withholding tax on bank transactions for an amount of Rs.100000.

They asked the PMLN to stop begging for votes in elections if it would work for the appeasement of the IMF against the voters.

They said the PPP had always played a pivotal role for protecting the democratic system in the country and once when the democracy was about to be toppled as a result of Islamabad sit-ins by the Umpire Party, it was the PPP that saved the democracy.

However, when it would come to the interest of the people of the country, the PPP would stand beside the masses because the PMLN’s federal government had adopted a mission to snatch the last morsel from the mouth of the poor masses of the country and also render them homeless.

They said that the protest by the traders’ associations across the country especially in Karachi was a plain message to the PMLN’s federal government that the masses and the traders were fed up with it and its policies of crushing the masses and trade and economy of the country.

They said the PPP would assure the masses and the traders that they would not be left alone and the party would join them in every protest against the unjust imposition of 0.6 percent withholding tax on bank transactions. NNI