Dhaka, Feb. 12 -- Managing Directors (MDs) of the three major players in the cigarette manufacturing sector have expressed deep concern over the recent fiscal policy revisions, particularly the significant increase in supplementary duties (SD) on the cigarette industry. The MDs of BAT Bangladesh, JTI Bangladesh, and Philip Morris Bangladesh stated that they "feel compelled to publicly express concerns" regarding the revised tax measures, as they expect serious implications that threaten the business sustainability in the country.

"While we fully recognise and support the government's need to increase internal revenue, we strongly believe that the recent policy changes will have serious long-term consequences for the industry sustainabili...