Dhaka, April 2 -- Bangladesh will need to add Tk 570 billion to its tax-to-GDP ratio under one of updated conditions the IMF sets for releasing the remaining US$2.39 billion from its lending package.

Officials say the International Monetary Fund (IMF) is set to revise the target for enhancing the country's tax-GDP ratio by 1.1 per cent from 0.7 per cent for the upcoming fiscal year.

The upward adjustment would require the National Board of Revenue (NBR) to mobilise the aforesaid additional amount of Tk 570 billion in tax revenue in the fiscal year 2025-26.

The amount is equivalent to one and a half months' collection by the NBR this year.

Officials said they had received the message on upward revision of the tax-GDP target ahead of an...