Strike: (Traders associations observing strike against withholding tax)

ISLAMABAD: Some traders’ associations are observing strike in different cities today (Wednesday) against imposition of withholding tax on banking transactions.

The traders who have rejected the strike call, say some traders do not want to be part of tax net. Therefore, they are reluctant to bring their income on record.

The protesting trade leaders are virtually out of tax net and do not file tax returns. Very few of them are registered for the sales tax, nevertheless, majority of these registered traders do not pay sales tax.