Nationwide Strike in Pakistan: Traders Rebel Against Tax Reforms

Traders across Pakistan went on a nationwide strike on Wednesday to protest the Federal Board of Revenue's Tajir Dost Scheme, aimed at expanding the tax base. Major cities witnessed closed shops and rallies, as traders demanded a reversal of recent tax hikes. Jamaat-e-Islami also joined the strike for reduced electricity prices.

Traders across Pakistan observed a nationwide strike on Wednesday to express their frustration with the Federal Board of Revenue's Tajir Dost Scheme, designed to widen the tax net in the financially struggling country.

The strike, called by the leading trade associations Markazi Tanzeem-e-Tajran Pakistan and All Pakistan Anjuman-e-Tajran, aimed to pressure the government into reversing the tax reforms mandated by the International Monetary Fund (IMF). These reforms, which include higher taxes and living costs, have triggered widespread discontent.

Responding to the call, traders shut their shops and businesses in major cities like Karachi, Lahore, Rawalpindi, Islamabad, Quetta, and Peshawar. The rightwing Jamaat-e-Islami (JI) joined the strike, demanding a reduction in electricity prices while standing in solidarity with the traders. FBR chief Rashid Mahmood hinted at potential amendments to address concerns but emphasized that the scheme aimed at formalizing the retail sector would not be withdrawn.

(With inputs from agencies.)