Dhaka, March 17 -- National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan on Monday said the government has pledged to phase out tax exemptions unless they are deemed absolutely necessary for the country.

"We are going out from the tax exemption culture, we have scrapped existing tax exemptions, we will not give any tax exemption freshly, we have taken a vow, we have prepared a policy that we will not give any tax exemption," he said, UNB reports.

He made the remarks while addressing a pre-budget meeting at the NBR conference room at the Revenue Building.

Representatives from financial institutions including banks, insurance firms, leasing and merchant banks, the Bangladesh Securities Exchange Commission (BSEC), Dhaka Stock Exch...