Skip to main content

GB traders end protest at Sost Dry Port after more than two months

Traders in Gilgit-Baltistan ended their over two-month-long sit-in at the Sost Dry Port on Saturday, paving the way for the resumption of trade and tourism via the Pakistan-China border at the location.

The protest was launched in July against the government’s taxation policies and suspension of customs clearance at the port.

Trade leader Javed Hussain, who led the protest, told Dawn.com, that the announcement about traders ending the protest ending was made by the supreme council — a body that had represented the them in talks with the federal and GB government.

Following the negotiations, Power Minister Sardar Awais Ahmad Khan Leghari had announced on Wednesday that the government had agreed to tax exemptions on imports coming through the Sost Dry Port — provided that the goods were for local consumption and meet strict eligibility conditions. The total annual value of tax exemptions was capped at Rs4 billion.

However, expressing dissatisfaction over the negotiations’ results, GB traders had decided to continue to the sit-in and hold a meeting with the supreme council.

Hussain said the traders had ended their sit-in on the suggestion of the council but, at the same time, he expressed reservations on the decision.

He maintained that the decisions taken during negotiations with the government were not completely in line with their demands.

Separately, trade leader Rehan Shah shared with Dawn.com that the protesting traders had held a meeting with the supreme council last night, during which the sit-in and the agreement reached with the government were discussed.

Shah added it was decided that containers stuck at the Sost Dry Port for the past two years would be cleared in the next two days and a statutory regulatory order (SRO) would be issued within a month, which he said would be the practical implementation of the traders’ demands. He added the supreme council and traders would hold another meeting to decide the future plan of action when the SRO was issued or even if its issuance was delayed.

Earlier, a committee constituted by the GB chief minister had suggested that a special consolidated SRO should be introduced to grant tax exemption for GB.



from Dawn - Home https://ift.tt/oiqPvxl
Labels:

Comments

Post a Comment

Popular posts from this blog

Ministers rubbish notion that proposed retirement age extension to favour ‘one particular institution’

Information Minister Attaullah Tarar on Tuesday rubbished the notion that a proposed extension in the retirement age was to favour “one particular institution”, adding that the move would be implemented across the board if approved. The rebuttal comes in the wake of media reports claiming that the government was mulling changes to the Constitution to fix the tenure of the chief justice . Currently, judges of the Supreme Court, including the chief justice, retire after attaining the age of superannuation, i.e. 65 years, as stipulated in Article 179 of the Constitution. While giving his opinion recently on the reports of the constitutional amendment, Law Minister Azam Nazeer Tarar had said he “will not vehemently turn down the proposals related to the tenure of the chief justice”. Addressing the issue during a press conference in Islamabad today along since Finance Minister Muhammad Aurangzeb and the law minister, Attaullah said the extension in the retirement age was “a proposal to a...
Post a Comment
Read more

Explainer: Iran’s economy faces rocky road amid rising prices, falling currency

Iran’s economy is going through one of its most difficult periods in years, fueled by sanctions, high inflation, and a significant drop in the value of the national currency, the rial. These pressures have had a direct impact on living standards and have also fueled recent protests. The protests began on Dec. 28 in commercial hubs in the capital Tehran, when shopkeepers, merchants, and small business owners staged strikes and demonstrations to protest soaring inflation, the collapsing rial, and deteriorating economic conditions, and have since grown into nationwide anti-government expressions of discontent involving workers, students, and others across multiple cities. The Iranian president said Sunday that his government is determined to address Iran’s economic problems amid the protests. Masoud Pezeshkian said the government admits to “shortcomings and problems” and is working hard to alleviate the people’s concerns, especially on the economy. Currency collapse at the centre of c...
Post a Comment
Read more

The Republican primary race for president in 2024

The Republican primary race for president in 2024 is already shaping up to be a competitive one. There are a number of high-profile candidates who have already announced their intention to run, and more are expected to join the field in the coming months. The frontrunner for the nomination is former President Donald Trump. Trump has been teasing a 2024 run for months, and he has a large and loyal following among Republican voters. However, he is also a polarizing figure, and his candidacy could alienate some moderate Republicans. Another potential contender for the nomination is Florida Governor Ron DeSantis. DeSantis has been praised by many conservatives for his handling of the COVID-19 pandemic and his opposition to vaccine mandates. He is also seen as a rising star in the Republican Party. Other potential candidates include former Vice President Mike Pence, former Ambassador Nikki Haley, and Senator Tim Scott. Pence is a more traditional Republican who could appeal to moderate vote...
1 comment
Read more