Saturday, July 13, 2024

Landa Bazar Traders Threaten to Shut Shops over “Tax Issue”

The traders of Landa Bazar have threatened to close their shops in protest of the increase in taxes imposed on imported goods, according to sources.

Speaking at a press conference in Karachi, Muhammad Usman, secretary general of the Pakistan Second Hand Clothing Merchant Association, demanded that the government remove the new taxes imposed on imported cotton cloths, threatening to close their stores.

The representative noted that the government has increased the valuation of imported second-hand clothes.

“The dollar was increasing constantly, and it has become difficult for people to meet their needs. In such a case, the authorities have raised the value of imported goods,” he lamented.

Earlier on December 23, the government raised the tax on imported goods from Rs 81 to Rs 225 per kilo. The sellers forced to raise the prices of otherwise cheap clothes, blankets, and other warm clothes.

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