Rahim Group executive director says reducing VAT could lift government revenue by boosting consumption rather than tightening margins
June 08, 2026
Staff Correspondent
bdnews24.com
Bangladesh’s steel industry is now grappling with a stark question of survival as prolonged losses deepen under the pressure of high interest rates, rising energy costs and currency depreciation, according to Maruf Mohsin, executive director of Rahim Group.
He warned that fresh electricity price hikes, combined with earlier increases in gas and dollar costs, are set to further squeeze an industry already under strain for nearly a year and a half.
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