Pakistan: Cement producers across Pakistan have initiated an indefinite nationwide strike in response to increased withholding and turnover taxes introduced in the federal budget for 2024-25. The mandatory implementation of Point of Sale systems has also been criticised, due to a lack of resources and training. The All Pakistan Cement Manufacturers Association is urging the government to adopt a presumptive tax regime to mitigate these challenges. Meanwhile, despite domestic challenges, Pakistan's cement exports rose by 40.5% in the first 11 months of the 2023-2024 financial year (FY23-24), which ended on 30 June 2024. reaching almost US$237m from US$168m in the corresponding period in FY22-23.
Pakistan cement producers strike over tax hikes
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