The Embassy of Pakistan in the United Arab Emirates (UAE) hosted a grand reception today to commemorate Pakistan's National Day, attended by members of the diplomatic corps, senior UAE government officials, Emirati nationals, and the Pakistani community. His Excellency Sheikh Nahayan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, graced the occasion as the Chief Guest, alongside Minister of State for Foreign Affairs, His Excellency Ahmed bin Ali Al Sayegh. The event featured traditional performances, including the national anthems of Pakistan and the UAE played on traditional instruments. The Pakistani flag was prominently displayed on the hotel building, visible across Abu Dhabi, symbolizing the strong ties between the two nations . In his address, Ambassador Faisal Niaz Tirmizi reflected on the significance of the Pakistan Resolution and the challenges faced by the nascent state in its journey toward socio-economic development. He highlighted various opportuni...
Traders across Pakistan are holding a nationwide shutter-down strike today, August 28, 2024, in response to growing dissatisfaction with the government’s economic policies, particularly those imposed by the Federal Board of Revenue (FBR). This strike, led by the All Pakistan Anjuman-e-Tajiran (APAT) and other prominent traders’ associations, is expected to significantly disrupt business activities in major cities, including Karachi, Lahore, Islamabad, and Peshawar.
Reasons Behind the Protest
The primary motivation behind the strike is opposition to the recent tax policies introduced by the FBR, which traders argue are impractical and harmful to their businesses. Among the key demands of the protesting traders are:
• Withdrawal of New Tax Schemes: Traders are calling for the immediate withdrawal of FBR’s new tax schemes, including SROs G-236 and H-236, which they claim impose unreasonable financial burdens on small businesses .
• Removal of Withholding Taxes on Essentials: The protestors are demanding the removal of withholding taxes on essential goods such as pulses and flour, which they believe exacerbate the inflationary pressures already affecting consumers across the country .
• Review of Agreements with IPPs: The traders have also urged the government to reassess its agreements with Independent Power Producers (IPPs) to reduce electricity costs. This demand is coupled with calls to eliminate the slab system in electricity billing and to reverse recent increases in gas prices and additional security charges .
• End to Free Utilities for Government Officials: Another significant demand is the termination of free utilities and fuel allowances for high-ranking government officials, including the President and Prime Minister. The traders suggest that government officers should opt for more economical vehicles instead of luxury cars .
Support and Impact
The Karachi Chamber of Commerce and Industry (KCCI), one of the largest business bodies in Pakistan, has expressed its support for the strike, highlighting the widespread frustration among traders and the business community. The KCCI’s backing indicates that today’s protest could have a substantial impact, potentially bringing commercial activities to a halt in Pakistan’s economic hubs .
Government’s Response and Possible Outcomes
So far, there has been no indication that the government plans to acquiesce to the traders’ demands. However, the nationwide strike could pressure the authorities to engage in negotiations with the traders’ leadership to avoid prolonged disruptions.
As the day unfolds, it will become clear whether the government will address the grievances of the trading community or if the strike will lead to further escalations, potentially intensifying the standoff between traders and the government.
In summary, today’s protest is a critical moment for Pakistan’s traders, as they collectively voice their discontent with the current economic policies. The outcome of this strike could have significant implications for both the business environment and
Comments
Post a Comment