Prices up, prices down

Staff Reporter :
Finance Minister AHM Mustafa Kamal on Thursday presented the budget for the fiscal year of 2023-24 in the national parliament.
While placing the proposed national budget of Tk 761,785 crore, Finance Minister has also announced cuts and increases in taxes and duties on several products and components which will result in increase and decrease in their prices.

However, the proposals related to import duties and taxes usually come into effect on the day of the budget announcement.
There might be decrease in the prices of different products and services, including sweets, raw materials for cancer medicines, homemade biscuits, cake, airplane engine, turbo engine, agriculture equipment, sanitary napkin, diaper, malaria and TB medicines, silicon tube, optical fibre cables, hot rolled steel and cold rolled steel.

On the other hand, price may increase in case of some products, including imported nuts, imported coffee, bicycle parts, dates, imported software, GI fittings, cylinder of high-end electric vehicle, E-cigarette, imported motorcycle, escalator, imported electric light fittings, nicotine or nicotine substitutes, imported microwave ovens, lifts, gold bars, tobacco products, adhesive/glue, cement, ball point pen, software, polypropylene film, LPG cylinder, mobile phone, plastic household products, tissue paper, aluminium utensils, microwave oven, refrigerator, washing machine, electric oven, juicer, blender, rice cooker, pressure cooker, printer, scanner, router, earphones, pen drive, SSD card, CCTV monitor, projector, digital watch, electric panel, processed foods, basmati rice, sunglasses, glass, facewash and titanium dioxide.