Latest news with #MinhajGulfam
Business Recorder
10 hours ago
- Business
- Business Recorder
KMEDA urges govt to revisit ‘unjustified' taxes, duties
KARACHI: Karachi Mobile and Electronics Dealers Association (KMEDA) has presented key suggestions ahead of the budget 2025–26, urging for tax reforms on electronic items. President of the KMEDA Minhaj Gulfam has put forward these proposals to the federal government. He urged the federal government to consider a substantial and immediate reduction in what he described as 'unjustified taxes and customs duties' on mobile phones, laptops, computer parts, tablets, and other electronic products. Gulfam highlighted that the current fiscal year's high tax rates on electronic items have created serious challenges for the business community, as well as, for customers. 'These excessive duties have disrupted imports and caused a significant rise in retail prices, placing a heavy burden on consumers.' He said that these products are essential in the digital era, playing a crucial role in education, employment, freelancing, online business, and the overall vision of a 'Digital Pakistan.' According to him, the existing tax regime is one of the main obstacles to growth in this sector. He asked the government review its tax policy in the upcoming budget and take meaningful steps to ease the financial pressure on both businesses and consumers. Copyright Business Recorder, 2025
Express Tribune
23-03-2025
- Express Tribune
Three shops burgled despite tight security
A burglary incident at three shops near Empress Market, despite strict security measures, has exposed the flaws in the police's foolproof security arrangements. The shops and markets accessible through the passageway were sealed after a thorough search and sweep by the police to ensure the security of the main procession commemorating the martyrdom of Hazrat Ali (RA). However, despite this, the incident of looting millions of rupees, mobile phones, and other goods from the three shops raises questions about the police's performance. The targeted shops included a mobile phone store and a dry fruit shop. The suspects broke the shutters and locks to enter the shops. President of the Karachi Mobile and Electronics Dealers Association Minhaj Gulfam expressed strong resentment over the incident, calling it highly shocking. He demanded immediate arrest of the accused and the recovery of stolen cash, mobile phones, and other valuables. Speaking to The Express Tribune, Minhaj Gulfam revealed that thieves made off with Rs2.8 million in cash, mobile phones worth Rs four million, and other goods. He lamented that traders in the city are frequently targeted by robbers and thieves. On Friday afternoon, robbers also snatched Rs550,000 in cash from a trader on Abdullah Haroon Road in the Preedy police station jurisdiction. Despite foolproof security for the central procession, the burglary has shocked traders, proving that criminals have no fear of the police and law enforcement agencies. The shopkeepers have contacted the police, and legal proceedings are underway. Minhaj Gulfam warned that if the police fail to provide protection and traders continue to suffer losses, they will stage a protest against the authorities.
