FBCCI president meets with finance minister, wants prices to remain stable during Ramadan
UNB
Publish: 23 Jan 2024, 06:05 AM
Dhaka, Jan 22 (UNB)- Mahbubul Alam, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), called on Finance Minister Abul Hassan Mahmood Ali and called for measures to keep the prices of daily essentials stable during the upcoming Ramadan.
He also called for the formulation of a business-friendly budget for the next fiscal year, so that the prices of commodities remain normal.
FBCCI President Mahbubul Alam made this call in a courtesy meeting with the finance minister at the minister's Secretariat office on Monday.
The FBCCI president urged the Ministry of Finance to take necessary initiatives so that there is no disruption in the import and supply chain of daily necessities due to the dollar crisis.
In addition, Mahbub drew the attention of the finance minister to ensure the necessary arrangements for opening LCs so that small and medium entrepreneurs can open LCs and buy dollars at the rate announced by Bangladesh Bank.
The FBCCI president highlighted the need to further improve cooperation between the private sector and the National Board of Revenue (NBR).
The FBCCI wants to work closely with various departments and organizations of the government, including the NBR.
He also commented that with the expansion of business, trade and industry in the country, it is possible to increase the revenue collection of the government at a significant rate through the simplification of tax management, establishment of transparency and accountability, and automation.
In response, the finance minister emphasized the private sector's active participation in all his ministry's initiatives, including formulation and implementation of the national budget.
The minister also said that FBCCI's proposal will be seriously considered in the upcoming national budget.
Ali also assured that the Ministry of Finance will stand by with protection and policy support to local businessmen and industrial entrepreneurs to ensure sustainable economic growth.
FBCCI Secretary General Md. Alamgir and the ministry officials were present then.