ISLAMABAD -: Traders should pay regular tax and play their positive role in the economic development of the country, observed Khalid Chaudhry, Senior Vice President, Islamabad Chamber of Commerce & Industry while addressing a delegation of Traders Welfare Association, PWD that visited ICCI led by its President Ch. Riasat.  Khalid Chaudhry said the government has taken many initiatives in the new budget to expand tax net due to which tax revenue is expected to improve. He said ICCI has always been advocating for enhancing tax net instead of overburdening the existing taxpayers and it is encouraging that government has made some progress to this direction.

He informed the traders that now all commercial connections will be provided on obtaining of NTN and they should prepare themselves for registration in tax net. He said budget 2014-15 has proposed to charge 5 percent tax on retailers having monthly electricity bill up to Rs.20,000 and 7.5 percent on more than Rs.20,000.