Islamabad: A delegation of traders is set to meet with the Federal Board of Revenue (FBR) today to discuss their concerns regarding the recently introduced Tajir Dost Tax scheme, as reported on September 2.
As per details, the business community has expressed significant discontent, labeling the scheme’s implementation as “completely inappropriate.” The Chief Coordinator of the Tajir Dost scheme Naeem Mir confirmed that the deadlock between traders and the FBR has been resolved. Both parties will convene in Islamabad to address the issues surrounding the scheme. Mir emphasised the patriotism of traders, stating that they are committed to cooperating with the state of Pakistan. “We will welcome any suggestions from the traders,” he added.
This meeting comes in the wake of a countrywide strike by traders, who protested against the Tajir Dost scheme and rising electricity bills. The scheme, launched in March 2024, is a voluntary tax initiative designed to integrate unregistered businesses into Pakistan’s tax system, in alignment with the requirements set forth by the International Monetary Fund (IMF).
The Tajir Dost scheme is projected to contribute between Rs 400 to 500 billion annually to the national exchequer. The FBR has urged all unregistered wholesalers, retailers, dealers, and shopkeepers to register under the scheme by April 30, 2024, assuring them that re-registration is not required. Despite the potential financial benefits, the scheme has faced resistance from the business community, making tomorrow’s discussions crucial for resolving ongoing tensions and ensuring successful implementation.
