Electronics traders to observe shutter down strike on October 29, 30
KARACHI: The Karachi Electronics Dealers Association (KEDA) has announced to join All Pakistan Traders Association and all the markets in Karachi would observe complete shutter down strike on October 29 and 30, 2019. Addressing a press conference on Monday, President KEDA Rizwan Irfan said wrong policies and government’s apathy towards the problems being faced by business community had significantly reduced business activity in the country. He said the business community could not afford to pay any additional tax as inflation and devaluation of currency had already hit them hard. Country’s business community will observe a two-day shutter down strike on October 29 and 30 against the imposition of taxes, and warned to expand the protest if the condition of presenting a CNIC copy for buying and selling goods is not withdrawn. Rizwan said the demands were the same which they had been pushing since the announcement of federal budget. “The authorities are only using delaying tactics and they have not met any single of our demands.” The traders are protesting against the 17 percent Sales Tax in VAT mode, higher turnover tax, provision of CNIC copy on transactions of Rs50,000 and above and several other taxes. Traders are of the view that additional taxes had increased prices adversely impacting their sales and business.