About the overall budgetary measures, the ICAB said the proposal to finance the budget deficit by borrowing from internal sources may lead to inflation in the next fiscal year.
In the coming year, the NBR may announce tax rates that will not only be applicable for the outgoing income year 2023-24 but also for the next income year 2024-25.
Garment exporters are fed up with being harassed by VAT and customs officials, who have been imposing abnormal fines alleging a lack of documents, said an exporter yesterday.