Dhaka, June 22 -- In the face of mounting pressure, the Advisory Council of the interim government has offered a conditional relief to the corporate tax rate proposed in the FY2025-26 budget for publicly listed companies that floated 10 percent or less of their paid-up capital via IPOs.

In the budget, approved by the Advisory Council on Sunday, these companies will be taxed at 25 percent, down from the initially proposed 27.5 percent, if they route all income through banking channels, the finance ministry said in a statement.

The initial budget proposal, presented on Jun 2 in the absence of a functioning parliament, had recommended a flat 27.5 percent tax rate for such firms.

It suggested eliminating the preferential rate they previous...