Dhaka, April 8 -- The government is saving around Tk10,000 crore as it has backtracked from giving tax exemptions to some sectors, which NBR officials and experts call unnecessary.

According to data from the National Board of Revenue (NBR), the revenue exemption declined by 23.48 percent, or Tk 9,854 crore, year-over-year in the first eight months (July-February) of the current fiscal year.

The revenue exemptions in different sectors have been reduced to Tk 32,115 crore from Tk 41,970 crore in the same period of the last fiscal year, the data showed.

The revenue board has withdrawn the exemption as per the commitment with the International Monetary Fund (IMF) for receiving loans from the lending firm.

The IMF has called for reducing t...