Traders secure major concessions, end nationwide strike

ISLAMABAD: Traders across the country ended the two-day strike called by the All Pakistan Anjuman-e-Tajiran (APAT) to protest tax reforms after receiving an 11-point agreement by the government.

invest with imarat

Islamabad’s emerging city centre

Learn More

In a news conference, Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh announced that while the condition to present CNICs on the purchase of over Rs50,000 has not been withdrawn, its implementation has been deferred until January 31, 2020.

The other significant concessions include sales tax registration exemption for traders paying up to Rs1.2 million annually in electricity bills and owning a 1,000 square feet shop, and reduction of the minimum income tax rate from 1.5% to only 0.5% for traders who had an annual turnover of up to Rs100 million.

APAT Chairman Khawaja Shafiq lauded the arbitration of Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Khan Tareen, saying that the “positive role” played by the party’s former secretary general was key in resolving the dispute.

For more news and blogs, visit graana.com.

Maham Tahir

Recent Posts

Islamabad’s Capital Hospital to Be Upgraded Under CDA-ADB Agreement

ISLAMABAD: The Capital Development Authority (CDA) and the Asian Development Bank (ADB) have entered into…

4 days ago

CDA to Issue Possession Letters for E-12 Sector After Eid

Islamabad: The Capital Development Authority (CDA) has announced plans to issue possession letters to allottees…

6 days ago

Graana.com Announces Property Festival 2025 to Revitalize Islamabad’s Real Estate Sector

Islamabad, [24 March 2025] – Graana.com, Pakistan's leading online real estate marketplace, is proud to…

1 week ago

Graana.com Proudly Partners with IAP for Graana Property Festival 2025

Islamabad, Pakistan – March 2025: Graana.com, Pakistan’s leading real estate platform, has proudly partnered with…

2 weeks ago

Sindh Government Reviews Measures to Regulate Real Estate Sector

KARACHI: Sindh Local Government Minister Saeed Ghani chaired a meeting on Monday to review measures…

2 weeks ago

Islamabad to Welcome a Modern Food Street in Blue Area

ISLAMABAD: The Capital Development Authority (CDA) has unveiled plans to develop a modern food street…

3 weeks ago