STAFF CORRESPONDENT

Businesses yesterday expressed concern over the government’s move to hike the gas price for industrial and captive users and the income tax for consumer durables as those would further decelerate economic activities and fuel inflation.

Both decisions will also have a negative impact on the already subdued investment scenario, said the Dhaka Chamber of Commerce and Industry, an association of industrial conglomerates, manufacturers and small and medium enterprises.

The proposal to increase the price of gas by more than double without ensuring uninterrupted gas supply will increase the cost of doing business manifold and create inflationary pressure, it said in a statement.

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