KARACHI: One percent increase in General Sales Tax (GST) as announced in the federal budget for the 2013-14 fiscal year would lead to high inflation, Karachi Chamber of Commerce and Industry (KCCI) leader Siraj Qasim Teli said on Wednesday.
In his reaction at the KCCI office about the federal budget 2013-14, Siraj Qasim Teli said that GST would directly put burden on the people. He said that it was a budget made by the bureaucrats, violating the law.
“We will identify the mistakes made by the government in the budget,” he said.
The KCCI leader said that the real stake holders were not consulted this time about the budget proposals. He, however, said that it was a good budget on issues relating to water, power and motorways.
He also welcomed the government’s decision to continue the income support program.