Dhaka, July 9 -- Textile mill owners show reluctance to release their imported cotton from ports, raising concerns about potential container congestion, which could further disrupt operations at major ports, including Chattogram and Beanpole, according to industry insiders.

They also said the government has imposed a 2.0 per cent advance income tax (AIT) on the import of raw cotton, which would significantly impact their capital.

In light of this, none of the large mill owners is interested in releasing their basic raw materials.

To discuss the impacts of the newly-imposed AIT, Finance Adviser Dr Salehuddin Ahmed held a meeting with textile millers and apparel sector leaders at his office on Monday afternoon.

National Board of Revenue...