• Wednesday, Aug 04, 2021
  • Last Update : 05:36 pm

Government proposes making lifesaving gases cheaper

  • Published at 09:15 pm June 13th, 2019
web-oxygen-child
File photo of a child taking supplemental oxygen in a hospital Mehedi Hasan/Dhaka Tribune

Tax exemptions, lesser import duties on Cancer drugs proposed

Finance Minister AHM Mustafa Kamal has proposed a cut in import duties for lifesaving gases to make them affordable for poor patients at a lower price.

“I propose cutting regulatory duties to 10% from 20% on  the import of liquid Oxygen, Nitrogen, Argon, and Carbon Dioxide to make these lifesaving gases available to poor patients at a lower cost,” said the finance minister in his budget speech.


Also Read- Budget FY20: Prices up, prices down


The quality of medication and drugs being produced in Bangladesh is globally recognized and the burgeoning pharmaceutical industry of the country is one highly potential export-earning sector in Bangladesh. 

Exemptions and discounted rates of import-duties on some highly sought-after pharmaceutical raw materials, including cancer medication, have been proposed.

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