Nationwide Grain Market Traders Announce Joint Struggle Against Holding Tax on Pulses and Rice

Karachi: Traders from grain markets across Pakistan have declared a united protest against the imposition of holding tax on pulses and rice. According to Express News, a joint emergency meeting of grain market traders in Jodia Bazaar unanimously decided to oppose the holding tax.
Chairman of Karachi Grocers and Whole Sellers Abdul Rauf Ibrahim stated that they unequivocally reject the holding tax on pulses and rice. He further warned that retailers and dealers will not cooperate with the FBR by providing identification cards or paying taxes. Moreover, consumers may face an increase in pulse and rice prices by Rs. 10 to 15 per kilogram.
Trader leader Mahmood Maulvi emphasized the need for the government to engage in dialogue with them on this issue, urging against abrupt changes to the tax system overnight. He stressed that if the tax system in the country is rectified, everyone would willingly comply.
Abdul Rauf Ibrahim urged FBR Chairman to initiate negotiations; otherwise, they will resort to strikes similar to petroleum dealers and flour mills. He also disclosed that grain market traders have given the government a five-day deadline to withdraw the holding tax.
Abdul Rauf Ibrahim further announced that a final action plan against the holding tax will be declared on July 30, with plans to file a petition against the holding tax in the Lahore High Court.
The traders’ stance underscores their firm opposition to the holding tax, highlighting a growing tension between market traders and the government over fiscal policies affecting essential food commodities.