The Bangladesh Textile Mills Association (BTMA) has expressed deep concern over the government’s decision to impose a 2% advance income tax without prior discussion. At a press conference in Gulshan, industry leaders warned this measure—coming amid severe crises in gas supply, electricity, and bank loans—could devastate the sector. “Is this policy designed to destroy local industries and benefit our neighbors?” one leader asked. The association demanded the tax’s withdrawal within seven days, threatening factory closures if their call goes unheeded. They stressed that $75 billion in investments and the national economy itself are now at risk.