Dhaka, Jan. 29 -- The interim government's decision of 9th January to raise VAT and supplementary duties (SD) on a broad range of goods and services from industries including fruits, juices, beverages, cigarettes has sparked significant criticism.

While aimed at boosting revenue, the hikes have raised concerns about their economic impact, particularly regarding the burden on consumers, stifled future investment and potential opportunities, eroding trust in policymaking.

The new taxes affect both essential and non-essential items, including food, beverages, mobile services, and restaurants. Business leaders have called the hikes "suicidal," warning they will hinder both domestic and foreign investment.

Taskeen Ahmed, president of the Dh...