Pakistan Economic Crisis: There are reports of worsening economic situation in India’s neighboring country Pakistan and in this series, another news has come which is making the residents there, especially the businessmen, very worried. In Rawalpindi, Pakistan, the trap of increased professional tax on businessmen, especially traders and shopkeepers, is putting them in trouble.
There was panic among traders in Rawalpindi.
According to the report of The Express Tribune, there is panic among businessmen in Pakistan after the increase in this tax. The reason behind this is that there is a fear of daily goods becoming expensive. The reason for creating panic among the traders in Rawalpindi, Pakistan is that tax bills have been sent to the shopkeepers ordering them to pay professional bills ranging from 50 thousand Pakistani rupees (PKR) to 2 lakh Pakistani rupees. If seen in Indian currency, it amounts to around 15 thousand to 61 thousand rupees.
The Express Tribune report said that there is anger among the traders in Rawalpindi division after the increase in professional tax rates. There are two types of reactions regarding this in business organizations. Markaji Anjuman Tajran, head of Rawalpindi Central Trade Union, says that traders should not pay this unnecessary and wrong tax.
More concern about the prices of milk, curd, bread etc.
According to Markji Anjuman, the biggest loss due to increase in professional tax rates will be seen in the prices of milk, curd and bread and they will become expensive. Due to expensive products like milk and bread in Rawalpindi areas, there can be a lot of problems for the common people. Since such tax bills have never come before this and the burden on the general public will also increase.
Earlier in Rawalpindi, a tax of 1500 to 3000 Pakistani rupees was being imposed on these traders, which was still easy for these traders to pay. Now due to this tax terrorism, the people of Pakistan, especially the residents of Rawalpindi and the shopkeepers will have to face the brunt of severe inflation.
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