The price of pens may see a hike in the proposed budget for the 2023-24 fiscal year.
Currently, there is no value-added tax (VAT) imposed on pen production, but there is a proposal to introduce a 15% VAT on pens which could lead to an increase in the price of pens.
Finance Minister AHM Mustafa Kamal on Thursday unveiled a Tk7,61,785 crore proposed national budget for the 2023–24 fiscal year in the national parliament.