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The stock market has risen to new heights with market capitalisation hitting a high point last week while overvalued shares still remaining a concern. Market capitalisation at Dhaka Stock Exchange (DSE) reached a record high of Tk 509,937 crore on Thursday. Similarly, the DSE's daily average turnover rose by around 19 per cent to Tk 2,438 crore for the week, which is the
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BUDGET REVIEW FY2021-22
Withdraw VAT, import duty on manmade fibre: BTMA
Of the total garment exports from Bangladesh in a year, 74 per cent are made from cotton fibre while the rest from manmade fibre. Photo: Star/file
Star Business Report
Star Business Report
BTMA President Mohammad Ali Khokon
Textile millers yesterday demanded the withdrawal of value-added tax (VAT) and import duty on all kinds of manmade fibre for the potential growth of the non-cotton fashion industry to meet the global demand.
In the proposed budget, the government did not address this issue even though the entrepreneurs of the country s primary textile sector had been demanding this beforehand, the textile millers said at a post-budget press conference at the office of Bangladesh Textile Mills Association (BTMA).
Textile millers today demanded withdrawal of value added tax (VAT) and import duty on all kinds of manmade fibre for the potential growth of the non-cotton fashion industry to meet the global demand. In the proposed budget, the government did not address this issue although the entrepreneurs of the country's primary textile sector have been demanding this before the budget,