Dhaka, April 20 -- With the current economic stress stemming from the impact of post-Covid and the Ukraine war, Bangladesh found itself in a dollar crisis and having to heavily rely on foreign loans. To boost the economy, the country needs to enhance its revenue generation. Experts believe strategic pricing policy in the country's biggest source of internal revenue, the cigarette sector, can help.
Data from the NBR reveals that in the first eight months of the 2023-2024 fiscal year, revenue collection stood at Tk2,26,586 crore, leaving a daunting task of collecting over Tk1,83,000 crore in the remaining four months. The target appears ambitious, considering the current trajectory of revenue collection.
Efforts to increase cigarette prices...