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Traders demand to roll back controversial 18th Amendment

Islamabad: Islamabad Chamber of Small Traders (ICST) on Friday demanded of the government to roll back the controversial 18th Amendment which continues to damage the economy.

A national debate regarding the pros and cons of the amendment before rolling it back may be helpful, it said.

The controversial 18th Amendment of the constitution has failed to achieve the cited objectives while it damaged the economy and critical social sectors, said Patron ICST Shahid Rasheed Butt.

The amendment contributed to confusing taxation and many other issues and triggered poverty, he added.

Shahid Rasheed Butt said that the amendment provided no relief to the masses, therefore, it should be abolished to improve the situation as the real motive of the move was the welfare of some notorious politicians.

The amendment has resulted in a complex taxation system which resulted in increased litigation and augmented the cost of doing business.

Almost all the stakeholders have realized the negative impact of the amendment but no action was taken to rectify it as it was designed to promote the welfare of politicians.

He noted that a country can never progress without a just taxation system, therefore, corrective measures must be taken without delay.

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