Heavy Taxes Strain Entrepreneurs in Pakistan

Heavy Taxes Strain Entrepreneurs in Pakistan

Small and large business owners in Pakistan are currently grappling with burdensome taxation imposed by the government. The latest tax schedules, particularly affecting businesses in Karachi, have exacerbated the challenges faced by entrepreneurs. These heavy taxes further strain both big and small enterprises in an already struggling economy. Notably, rampant inflation, substantial taxes, and administrative ineptitude in managing financial turmoil have marred Ramadan and Eid celebrations in Pakistan this year. A journalist from Karachi, addressing the recent taxation policy, remarked that burdening ordinary traders, including those in the fruit and vegetable trade, only adds to the people’s woes. He pointed out that the entire taxation system is to cover up acts of corruption. The recent tax increase has raised the cost of petrol, putting additional pressure on the income of the common citizen. Throughout Ramadan, the government failed to provide relief measures, and the cost of essential goods like fruits and vegetables soared due to heavy taxation. The journalist stressed that such a taxation policy is unsustainable and detrimental to the populace. Heavy taxes on basic necessities like fruits and utensils render the general public incapable of affording them. The journalist suggests that integral changes in the taxation system are necessary to address the economic crisis in Pakistan.

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TIS Staff

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