KARACHI: Chambers of commerce and traders’ bodies on Saturday threatened to launch a countrywide strike after small businesses and retailers were issued “hefty” tax notices from the Federal Board of Revenue (FBR).

Trader’s bodies decried the tax challans, to the tune of Rs60,000, saying that they would prove counterproductive to the aims of the Tajir Dost Scheme (TDS), recently launched by the government.

According to them, those who registered under the TDS scheme were promised they would not have to pay more than Rs1,200 in taxes. But now, they are being served notices to pay an unbearably high amount of Rs60,000, said Iftikhar Ahmed Sheikh, president of the Karachi Chamber of Commerce and Industry (KCCI), adding that it was........

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