The National Board of Revenue (NBR) has begun unfreezing bank accounts that were previously frozen over suspicions of involvement in creating unrest in the ready-made garment sector. The move also includes the personal accounts of business owners who are not affiliated with any political party. The initiative comes in response to widespread concern and criticism from the business community.

Relief After Account Unfreezing

A sense of relief has returned among individuals and businesses whose accounts were frozen, provided they have no political affiliations. This was confirmed through conversations with several affected garment manufacturers. However, some of them noted that the unfreezing of accounts has not entirely ended their harassment.

Investigation Continues

In addition to freezing the accounts, the Income Tax Intelligence and Investigation Unit had also requested transaction details covering the past five years for the affected entities. Although the accounts are now being unfrozen, that investigative process remains ongoing, leaving a degree of uncertainty for those involved.

Business Community Rattled

The NBR's initial decision to freeze accounts over alleged links to garment-sector unrest has disrupted financial operations, raising concerns among exporters and entrepreneurs, according to Dhaka Tribune. The episode has cast a shadow over the business environment, with stakeholders calling for a more predictable regulatory approach.