Chairman Abdul Sami Khan of the Pakistan Petroleum Dealers Association has voiced strong concerns during a press conference following the budget announcement. He expressed dismay over the imposition of a 0.5 percent advance turnover tax, highlighting its potential to devastate petrol pump businesses already operating on slim profit margins amidst high inflation rates.
Khan emphasized that the additional tax burden would make it unsustainable to continue operations, stating, “There is no alternative but to shut down business due to these unjust taxes.”
Despite meetings with the finance minister, Khan stated dissatisfaction with the responses received, asserting that their demands for the abolition of the advance income tax must be met within four days to avert further action.
Representing approximately 14,000 dealers nationwide, the association has declared a nationwide strike scheduled to commence on July 5. Petrol pumps across the country will cease operations in protest against the taxation policies, signaling a unified stance against what they perceive as unfair financial measures imposed on their industry.
Stay informed about developments in this ongoing issue affecting the petroleum sector in Pakistan, as stakeholders navigate discussions with the government to address their concerns and seek resolution.
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