Reducing export incentives would affect local industry: Businesses

The government's decision to cut export incentives in the current fiscal year in almost all sectors has garnered mixed reaction from business leaders. The government defends the move saying that after the country graduates from least developed country (LDC) status in 2026, the export subsidy would be withdrawn fully. The move is

Govt to consider reducing duties for cold chain equipment: Salman

Prime Minister's Private Industry and Investment Adviser Salman F Rahman on Wednesday said the government will consider taking necessary initiatives to reduce advance income tax (AIT), value added tax (VAT) tax deducted at source (TDS) and convenient duty for cold chain equipment. “Logistics is high-priority sector in the Industrial Policy. Cold