Emergency consultation meeting on the impact of fiscal budget 2024 at Rawalpindi Chamber of Commerce
In the meeting, there was deep concern over tax hikes and anti-business measures in the budget
A Nationwide Shutdown and Protest Charter of Demand will be presented, the meeting will be attended by representatives of all trade organizations.
RAWALPINDI ( WEB NEWS )
An emergency consultation meeting was held at the Rawalpindi Chamber of Commerce and Industry on the impact of the financial budget, in which representatives of business organizations across the district and the city including poultry pharma, mobile, furniture, travel and tourism, stationery, marble, construction, Representatives of other industries including property, gems and jewellery, along with officials of tax bar associations were also present. In the meeting, the representatives of ICMA and tax bar associations gave a detailed briefing on the measures taken in the budget, tax rates, penalties on filers, non-filers and late filers, double taxation and advance tax. The participants rejected the anti-business measures taken in the budget and the implementation of taxes and expressed serious reservations about the budget, saying that the budget measures have closed businesses. Vice President Muhammad Hamza Saroosh, Vice President Faisal Shahzad, former presidents, executive committee members and a large number of chamber members were present. President Chamber Saqib Rafiq said that it was decided in the meeting that before the call for a nationwide organized strike. Chartered off-demand will be given to the government. It has been decided to take the leadership of all small and large factions of the chambers and business organizations across the country into confidence for the call of a nationwide strike. The measures will shut down business and industry. In the budget, the revenue has been increased by 40%, it has been burdened on the already existing tax collectors. Group leader Sohail Altaf said that everyone, be it ordinary shopkeepers or industry, has been affected by the budget, taxes in the FBR. The establishment of fraud will spread more harassment, he warned, saying that instead of bringing reforms and simplifications in all sectors, including manufacturers, exporters and importers, double taxation and exemptions have been eliminated, which will now lead to a shortage of dollars in the country and Rupee will fall further,