Bangladesh, July 14 -- Bangladesh University Grants Commission (UGC) Chairman Professor Dr Mamun Ahmed has described the government's decision to reduce the 5% tax imposed on private universities as a major opportunity to improve the quality of higher education.

The UGC chairman made the remarks while attending a programme organised by the Association of Private Universities of Bangladesh (APUB) as the special guest, according to a press release issued on Monday.

He stressed the need for universities to build a research-focused education system and develop a national research ecosystem to transform Bangladesh into a regional centre for higher education.

Dr Mamun Ahmed said the tax reduction should not be viewed only as a financial benefi...