Here’s a breakdown of the provided text, focusing on the key data and themes:
core Issue:
The business community in Pakistan is protesting against new tax laws and regulations, especially those introduced in the Finance Act 2025.They feel these laws are oppressive, give undue power to the tax authority, and are detrimental to their businesses.
Key Demands/Grievances:
High Tolls and Challans: Businesses are facing significant costs (around Rs100,000) for their goods to travel, likely due to tolls and various challans (fines/fees).
“Absurd Laws” and Undue Powers to tax Authority: The specific nature of these laws isn’t detailed, but the sentiment is that they are unreasonable and grant excessive authority to tax officials.
Lack of Written Assurances: Despite meetings with government officials, business leaders have not received any written guarantees or commitments regarding their concerns.
Actions Taken:
Nationwide strike: A significant strike was observed across major commercial hubs in Pakistan on July 19th.
Market Closures: Main markets and commercial areas in Karachi remained closed.
Sabzi Mandi Strike: A complete strike was witnessed in the Sabzi Mandi (vegetable market), with trucks loaded with fruits and vegetables not arriving.
Solidarity Strikes: Chambers of commerce and trade associations in Lahore, Hyderabad, rawalpindi, Sialkot, Gujranwala, Quetta, Khanewal, Multan, Bajaur, and others joined the strike in solidarity.
FPCCI Postponement: The strike call was postponed by the Federation of Pakistan chambers of Commerce and Industry (FPCCI), but many other bodies proceeded with it.
Key Statements and Perspectives:
KCCI President Muhammad Jawed Bilwani:
Announced the KCCI’s decision to proceed with the strike after receiving no written assurances.
Stated the strike is a “last resort” due to the government’s failure to address concerns.
Emphasized that the July 19th strike is “only the first step.”
Warned of further action if meaningful progress or written assurances are not provided by the end of the following week.
Expressed a desire for dialog but vowed to intensify action if ignored.
stressed the importance of supporting the business community for the sake of Pakistan’s economy.
veteran Fruits Merchant Haji Mehboob Shair:
Highlighted the unprecedented nature of the complete strike in the Sabzi Mandi.
LCCI President Mian Abu Zar Shaad:
Stated Lahore chamber’s decision to join the strike in solidarity.
President FBATI Sheikh Mohammed Tehseen:
Described the strike as a reflection of business community unity against “absurd laws.”
Acknowledged that business closures are not in the national interest but called for the repeal of “oppressed laws.”
Future Outlook:
The KCCI plans to closely monitor the progress of a government committee led by SAPM Haroon Akhtar. If no significant progress or written assurances are received by the end of the following week, further consultations will be held to determine the next course of action, which coudl involve intensifying their protests.
Overall Theme:
The text depicts a significant protest by the Pakistani business community against what they perceive as unfair and burdensome tax regulations. They are demanding dialogue, concrete action, and written assurances from the government, and are prepared to escalate their actions if their grievances are not addressed.