Dhaka, April 30 -- The finance adviser has directed the formulation of a comprehensive tax- exemption policy that will vest the exclusive authority to approve tax exemptions or expenditures in parliament, according to Md Abdur Rahman Khan, chairman of the National Board of Revenue (NBR).

Once enacted into a law to strengthen domestic revenue mobilisation, the policy will strip both the government and the NBR of the power to grant such exemptions, he said while speaking as the chief guest at a seminar on Tuesday.

The seminar titled "Macroeconomic Perspective and Fiscal Measures" was jointly organised by the Economic Reporters' Forum (ERF) and the Foreign Investors' Chamber of Commerce and Industry (FICCI).

Dr M Masrur Reaz, chairman and...