LAHORE: The business community of the provincial capital under the umbrella of Qaumi Tajir Ittehad has agreed to observe shutter down strike on August 1 against the imposition of 0.3 per cent withholding tax on all banking transactions.
The strike was called by All Pakistan Anjuman-e-Tajiran (Naeem Mir and Ashraf Bhatti groups) to urge the government to remove the withholding tax.
Addressing a press conference here at Lahore press club, QTI President Kh Azhar Gulshan said that imposition of 0.3 per cent withholding tax on banking transactions is an injustice and against the government’s own policy of tax net expansion.
There should be no withholding tax for the filers as they are already performing their national obligation with honesty. He termed it double taxation, which was bound to hit the trade and industry hard. He said the government should understand that protests and strikes always hit the economic activities hard, and therefore this tax should be withdrawn immediately in the larger interest of the economy.
