Traders threaten to stop imports through WHT
KARACHI: Traders at Jodia Bazaar, the largest wholesale market for goods in Karachi, have warned that they will stop imports if the new withholding tax (WHT) is implemented. During a press conference on Saturday, Rauf Ibrahim, President of the Wholesale Grocers Association, announced that the closure of Jodia Bazaar shops was a protest against the recent hikes in WHT and electricity tariffs. He criticized the 2.5% increase in WHT on pulses and commodities, questioning why traders who already pay an annual fixed tax should also be required to act as withholding agents. Ibrahim, along with Ahmed Majeed, President of Pakistan
