NOAB urges NBR to reduce tax on newsprint for survival of newspaper industry
Dhaka, Feb. 4 -- The Newspaper Owners Association of Bangladesh (NOAB) said that in the age of digital media, newspapers are struggling to survive with the huge cost of newsprint and other printing items.
The leaders of NOAB urged the revenue board that there is a need for reforms in the customs and taxation policy for the newspaper industry.
The NOAB President AK Azad said this during the pre-budget discussion for the fiscal year 2024-25, held at the conference room of the National Board of Revenue (NBR) at Agargaon on Sunday.
Azad said that the current state of the global economy, especially the rising exchange rate of the US Dollar, has brought the industry to its knees. A ton of newsprint cost less than US $600 a few years ago, now...
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