Jewellers’ markets across Karachi and other parts of Sindh remained closed after the All Pakistan Sarafa Gems and Jewellers Association announced the suspension of talks with the Federal Board of Revenue (FBR) and warned of a possible nationwide strike.
According to details, the association strongly protested what it described as unilateral actions and harsh measures by the FBR, declaring a boycott of all ongoing negotiations with the tax authority.
Addressing a press conference, All Pakistan Sarafa Gems and Jewellers Association Chairman and President Qasim Shikarpuri announced a complete boycott of talks held in Islamabad.
He alleged that the FBR was attempting to cover its revenue shortfall by placing undue pressure on traders and jewellers, a move he said was unacceptable to the business community.
Qasim Shikarpuri stated that jewellery and bullion markets across Sindh remained completely closed due to what he termed unjustified and oppressive actions by the FBR.
Referring to the sector’s tax contributions, he emphasised that jewellers are not tax evaders and have been paying taxes regularly. He noted that the jewellery sector contributed Rs22 billion to the national treasury during the previous fiscal year.
The association chairman warned that if the FBR continues to harass traders, the scope of protests would be expanded.
He added that following the shutdown across Sindh, the option of a nationwide strike is now under consideration. However, a final decision will be made after detailed consultations with stakeholders and representatives of the trader community.
Jewellers in Bannu and Swabi observe strike against taxes and raids
The jewellers’ community in the Khyber Pakhtunkhwa districts of Bannu and Swabi observed a strike against taxes and alleged raids, resulting in the closure of markets and a halt to business activities.
In Bannu, the Sarafa and Jewellers Association announced a complete strike in protest against taxes imposed by the Federal Board of Revenue (FBR) and what it described as unlawful raids. As a result, all business activities in the local jewellery market remained suspended.
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