Nationwide strike looms as Karachi business leaders, transporters unite against ‘anti-business’ tax law

A man walks past a shuttered market during the countrywide traders strike in Karachi, Pakistan, on October 29, 2019. (AFP/File)
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Updated 15 July 2025
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Nationwide strike looms as Karachi business leaders, transporters unite against ‘anti-business’ tax law

  • Shutdown on July 19 could bring economic activity to a standstill, traders and transporters warn
  • Business community is protesting over key provisions in government’s new Finance Act 2025

KARACHI: Pakistan’s largest business chamber has joined forces with goods transporters from across the country to call for a nationwide strike this week on July 19 in protest against key provisions in the government’s new Finance Act 2025, which they say threaten to paralyze economic activity and stifle trade.

The president of the Karachi Chamber of Commerce & Industry (KCCI), Muhammad Jawed Bilwani, announced the planned shutdown at a press conference on Monday, flanked by senior chamber officials and leaders of multiple transport alliances.

The strike, they warned, will halt the movement of goods and bring business operations to a grinding halt if the federal government fails to suspend what they describe as “anti-business” measures.

“Unless the government puts all these measures in abeyance, the nationwide strike scheduled for July 19 will take place with full force, bringing economic activity across the country to a grinding halt,” Bilwani said, according to the official statement.

The business community says more than 50 trade associations nationwide have pledged formal support for the strike, signaling what could be one of the biggest shutdowns in Pakistan in recent years if the deadlock persists.

The chamber has listed five key demands, including withdrawal of new sections that grant the Federal Board of Revenue (FBR) powers to arrest traders, penalties on cash transactions above Rs200,000, mandatory digital invoicing, a new e-bilty requirement for goods transporters, and the restoration of the Final Tax Regime for exporters.

Bilwani said transporters’ associations had pledged “unwavering solidarity” with the business community and committed to a complete wheel-jam strike that will stop the movement of trucks nationwide on July 19.

“No vehicle will move… in absolute unity with the business community,” he said.

This is not the first time Pakistan’s business community has threatened mass shutdowns in response to tax measures. But the show of unity between traders and goods transporters has raised fears of significant supply chain disruptions.

Bilwani said while the Ministry of Finance has made informal contact with the chamber, there has been no official commitment to roll back the controversial measures. He insisted that “only upon suspension of these provisions” would the business community agree to any further talks with lawmakers.

Chairman of the Businessmen Group (BMG) Zubair Motiwala, also speaking at the event, warned that the strike was a last resort:

“While the business community does not favor frequent strikes, the prevailing conditions have left no other option,” he said, according to the KCCI statement.

Transport leaders, including representatives of the Pakistan Goods Transport Alliance and other associations, declared their “full and unconditional support” for the strike and pledged to remain aligned with KCCI’s demands “regardless of the consequences.”


Pakistan expands crypto engagement with appearance at Mar-a-Lago finance forum

Updated 19 February 2026
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Pakistan expands crypto engagement with appearance at Mar-a-Lago finance forum

  • Pakistan Virtual Assets Regulatory Authority Chairman Bilal bin Saqib attends World Liberty Financial event at Trump’s Mar-a-Lago estate
  • Discussions focused on future of global financial infrastructure, digital assets, stablecoins, capital markets innovation, says Saqib’s office 

ISLAMABAD: Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman and Minister of State Bilal bin Saqib joined global finance leaders at an event hosted by World Liberty Financial, a crypto venture linked to US President Donald Trump’s family, Saqib’s office said on Thursday. 

The event was hosted by World Liberty Financial, a crypto-based finance platform launched in September 2024 linked to Trump’s family. According to Saqib’s office, the gathering was held at Mar-a-Lago, the private estate and club owned by Trump in Florida. 

Speakers and attendees at the event included David Solomon, chairman and CEO of Goldman Sachs, Adena Friedman, chairperson and CEO of Nasdaq as well as Lynn Martin, president of the New York Stock Exchange, Saqib’s office said. The event was organized and hosted by Eric Trump and American businesspersons Zach Witkoff and Alex Witkoff. 

“Discussions focused on the future of global financial infrastructure, digital assets, stablecoins, capital markets innovation and the evolving relationship between regulation and emerging financial technologies,” the statement said. 

It said Saqib’s attendance at the event reflected Pakistan’s growing engagement with global discussions shaping the next phase of financial and technological transformation.

“As Pakistan moves toward modernizing its financial infrastructure and strengthening its position in the global digital economy, such high-level engagements signal increasing international recognition of the country’s regulatory direction and leadership,” the statement added. 

Last month, Pakistan signed a memorandum of understanding with a company affiliated with World Liberty Financial to explore the use of a dollar-linked stablecoin for cross-border payments.

Pakistan has stepped up efforts recently to regulate its digital asset sector and is exploring digital currency initiatives as part of broader measures to reduce cash usage.