Business owners in Pakistan are facing the brunt of heavy taxation imposed by the administration, making it increasingly difficult for them to survive in the already struggling economy of the country. The latest taxation schedules have added to the woes of businessmen in Karachi, with high inflation and heavy taxes further exacerbating the financial chaos.
A journalist from Karachi expressed concerns over the impact of the taxation policy on ordinary traders, including fruit and vegetable sellers, stating that it is burdening the people and ultimately affecting the common citizens. The recent tax increases have also led to a rise in the cost of essential items like petrol, putting additional pressure on the income of the general public.
During Ramadan and Eid this year, no relief packages were announced by the government, leaving the common people to bear the burden of heavy taxes on basic necessities. The journalist emphasized that such taxation policies are rendering the public incapable of affording essential items, urging the administration to reconsider its approach.
In light of the economic crisis facing the country, the journalist called for integral changes in the taxation system to alleviate the burden on the people. With businesses struggling to cope with the heavy taxation, it is imperative for the government to address the concerns of business owners and ensure a more sustainable and equitable tax regime for the future.