Traders’ bodies divided over agitation plan

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LAHORE:

Punjab traders failed to adopt a unified protest strategy for Tuesday (today) after two major bodies remained divided on Monday over a country-wide shutter down against the imposition of 0.6 percent advance adjustable tax on banking transactions worth Rs 50,000.

While All-Pakistan Anjuman e Tajiran President Khalid Pervaiz and its Lahore chapter president Maqsood Butt announced a strike, Anjuman e Tajiran chief Ashraf Bhatti decided not to be a part of the protest.

The Pakistan Flour Mills Association (PFMA) also announced a country-wide strike for an indefinite period from July 11 against the tax on banking transactions and 7pc sales tax on wheat bran.

Chief Minister Shahbaz Sharif, according to a handout, contacted Finance Minister Ishaq Dar and discussed traders reservations with regard to the tax imposed on banking transactions.