Bangladesh lowers cash incentive for exporters

DHAKA, July 1 (Xinhua) -- The Bangladeshi government has slashed export subsidies for almost all sectors to deal with fiscal pressures.

The reduced export incentive will apply to sectors including readymade garments, jute and jute goods, leather and leather products, frozen fish and agro products, said Bangladesh Bank in a notice Sunday.

For the 2024-25 new fiscal year beginning Monday, the central bank s