TaxQuick read

Taxes in Malakand Division: Swat chamber devises strategy

Business Recorder • • 1 min read

Taxes in Malakand Division: Swat chamber devises strategy

The Swat Chamber of Commerce and Industry has outlined a fresh protest strategy against taxes imposed in Malakand Division, according to Business Recorder. At an emergency meeting chaired by its president, Noor Muhammad Khan, participants postponed a final decision until they meet Prime Minister Shehbaz Sharif. They warned that an unsatisfactory federal package could prompt them to consider withholding utility bill payments, civil disobedience and additional demonstrations.

The meeting welcomed the Khyber Pakhtunkhwa cabinet's decision to scrap provincial levies, crediting Chief Minister Sohail Afridi and lawmakers for pressing the case. It nonetheless asked the federal government to publish a definitive notice ending federal taxes in the division. Participants also voiced serious worry about the high levies embedded in power and gas bills, which they said added to the severe economic strain on traders.

The Malakand Traders Federation and the chamber will pursue the matter jointly and plan to brief parliamentary leaders from major political parties. Participants said their rights would be defended by constitutional, legal and democratic methods, and they asked lawmakers to take up the matter in the Senate and Parliament. They cautioned that if the federal response fell short of public demands, the protest could be widened.

At a glance

  • Participants deferred a final decision until a meeting with Prime Minister Shehbaz Sharif.
  • The Khyber Pakhtunkhwa government's withdrawal of provincial taxes was welcomed by the chamber.
  • The federal government is being urged to issue a final notification on withdrawing federal taxes.
Sectors:Power Generation & Distribution

Originally reported by Business Recorder

This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.

Read the full story

Want the full article here?

Log in to read the full article in the Investify reader, in English or Urdu.

Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.

Built for PSX investors

Business news.Every filing, summarised.

Top stories from Pakistan's business press and key findings from every PSX announcement.

Investify announcement summary with key findings from a PSX filing
Investify app home screen with Pakistan business news and PSX filings