Dhaka, March 9 -- Multiple think-tanks and major trade bodies on Tuesday urged the government to reduce taxes and duties on their essential and other relevant commodities to control price hikes during inflation.

The organizations, including the Centre for Policy Dialogue (CPD), the Bangladesh Economic Association (BEA), Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Bangladesh Textile Mills Association (BTMA), met with the National Board of Revenue (NBR) officials at the latter's office to submit their respective pre-budget proposals for FY24.

In their pre-budget proposal, the CPD said that although duties and taxes on sugar were reduced recentl...