Dhaka, March 24 -- A much-contended move to bifurcate the National Board of Revenue (NBR) looks poised to cease automatically as the finance ministry finds the relevant ordinance promulgated by the interim administration incomplete.

The ordinance for splitting the NBR into two divisions -- Tax Policy and Tax Administration -- was promulgated as a part of reform agenda and following suggestion from the International Monetary Fund (IMF).

The NBR ordinance is one of raft of 133 proposed draft laws now under review by a high-powered parliamentary committee. The panel held its first meeting Tuesday.

Talking to The Financial Express, Finance Minister Amir Khasru Mahmud Chowdhury said the bifurcation move is in half-baked condition which now ...