DHAKA: Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) President AK Azad apprehended that the accomplishment of GDP growth might be foiled for five reasons.
He came up with the apprehension in a post budget press conference held at FBCCI office on Friday.
AK Azad said, “Bangladesh has to face some challenges despite existing some positive economical indices in recent time.”
“These challenges include existing debit scarcity of Euro zone, negative trend of export income, cut in foreign aid, government’s loan tendency from banks and inflation,” he added.
The government has to take different initiatives to meet these challenges, he commented.
The FBCCI president added that the budget is business and stock market friendly as some positive steps were taken to assist the export sector.
He thanked the government especially for the tax cut in importation of export sector capital machines and ETP spare parts, factory rent fair, telephone, fax, insurance and bank and non-banking services and for making the sector versatile and incessant stimuli in export trade.
The loan taking tendency will worsen the liquidity crisis of money and will compel negative impact in private sector loan sanctions, he apprehended.
If the government fails to finance the deficit properly, the development programmes will be thwarted, he added.
BDST: 1755 HRS, JUN 08, 2012
Edited by:
Kaiser Ahmed, Newsroom Editor
Abul Kalam Azad, Newsroom Editor
Mohammed Humayun Kabir, Sr Newsroom Editor
National Top: Top to 2
FBCCI fears to fulfill GDP target
Staff Correspondent
banglanews.24.com
DHAKA: Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) President AK Azad apprehended that the accomplishment of GDP growth might be foiled for five reasons.
He came up with the apprehension in a post budget press conference held at FBCCI office on Friday.
AK Azad said, “Bangladesh has to face some challenges despite existing some positive economical indices in recent time.”
“These challenges include existing debit scarcity of Euro zone, negative trend of export income, cut in foreign aid, government’s loan tendency from banks and inflation,” he added.
The government has to take different initiatives to meet these challenges, he commented.
The FBCCI president added that the budget is business and stock market friendly as some positive steps were taken to assist the export sector.
He thanked the government especially for the tax cut in importation of export sector capital machines and ETP spare parts, factory rent fair, telephone, fax, insurance and bank and non-banking services and for making the sector versatile and incessant stimuli in export trade.
The loan taking tendency will worsen the liquidity crisis of money and will compel negative impact in private sector loan sanctions, he apprehended.
If the government fails to finance the deficit properly, the development programmes will be thwarted, he added.
BDST: 1755 HRS, JUN 08, 2012
Edited by:
Kaiser Ahmed, Newsroom Editor
Abul Kalam Azad, Newsroom Editor
Mohammed Humayun Kabir, Sr Newsroom Editor
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