LAHORE: The business community is once again observing strike against the imposition of 0.3 per cent withholding tax on all banking transactions.
Different factions of the traders held different press conferences to announce the complete shutter down strike today. They said that after this strike, they will announce their future plans of protests and strikes which would be for an indefinite period.
The representatives of traders’ unions said that businessmen had never refused to pay taxes, but the government instead of taxing those who were already in the net, should bring new people in to the tax net. They said that this tax had not only made life of the traders miserable, but also destroyed the whole banking sector, as it was now facing a collective loss of Rs878 billion. After the traders and business community, the Lahore Chamber of Commerce and Industry (LCCI) also announced to observe the September 9 strike.
