In a major development, traders across Sindh and Balochistan have announced a strike on August 28, 2024, to protest against what they describe as oppressive taxation policies and skyrocketing electricity bills. The decision comes after weeks of mounting frustration among business owners who claim that current economic conditions are unsustainable and detrimental to their livelihoods.
Organized by the All Pakistan Traders Association, the strike aims to draw attention to the financial pressures faced by small and medium-sized enterprises (SMEs). The association has criticized recent tax hikes and increased electricity tariffs, which they argue are pushing businesses to the brink of collapse.
“We can no longer bear the heavy burden of these taxes and exorbitant electricity costs,” said a spokesperson for the traders’ coalition. “Our businesses are struggling to survive, and without immediate relief, many will be forced to shut down.”
The protest will see markets, shops, and other commercial establishments closed throughout Sindh and Balochistan. The traders have called for a reduction in tax rates and a rollback of the recent increases in utility charges. They are also demanding a meeting with government officials to discuss their grievances and seek a resolution.
Authorities have urged traders to reconsider their decision, suggesting that the government is open to dialogue and willing to explore solutions that could address the traders’ concerns without disrupting economic activities. However, the traders’ resolve remains firm as they prepare for the nationwide strike.
The strike is expected to significantly impact local economies in both provinces, with potential disruptions to supply chains and services. As August 28 approaches, both traders and government officials are bracing for what could be a pivotal moment in the ongoing debate over economic policy and its effects on the business community.
