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0.6% tax on banking transactions: Traders fail to observe unified protest

byCustoms Today Report
07/07/2015
in Business
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LAHORE: The tow major traders unions Tuesday divided over the protest against the government’s decision of imposing 0.6 percent tax on banking transactions worth Rs50,000.

However, All Pakistan Anjuman e Tajiran President Khalid Pervaiz and its Lahore chapter President Maqsood Butt announced a strike, while Anjuman e Tajiran Chief Ashraf Bhatti decided not to be a part of the protest.

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The Pakistan Flour Mills Association (PFMA) also announced a country-wide strike for an indefinite period from July 11 against the tax on banking transactions and 7pc sales tax on wheat bran.

Chief Minister Shahbaz Sharif, according to a handout, contacted Finance Minister Ishaq Dar and discussed traders reservations with regard to the tax imposed on banking transactions.

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