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The Pakistan Petroleum Dealers Association (PPDA) has announced a nationwide shutdown of petrol pumps starting Friday, demanding the immediate withdrawal of the advance income tax.
In the budget 2024-25, the government has imposed 0.5% advance tax on turnover tax.
PPDA President Abdul Sami Khan stated that the strike could extend beyond one day and advised dealers to keep fuel stocked at petrol pumps until July 4. The strike involves 14,000 dealers who will shut down their petrol pumps on July 5.
This protest is in response to the imposition of a 0.5 per cent advance turnover tax in the recent budget.
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Chairman Abdul Sami Khan warned that this tax would devastate the petrol pump business, which is already struggling with minimal profits and high inflation.
In response, the government has directed oil marketing companies (OMCs) to ensure sufficient stocks of petroleum products at company-owned or company-operated sites to avoid disruption of the supply chain and inconvenience to the public.