Political stability big challenge to achieve GDP: DCCI

DHAKA: Dhaka Chamber of Commerce and Industry (DCCI) President Asif Ibrahim Tuesday said political stability is a big challenge to attain 7.2 percent GDP target in the proposed budget of fiscal year 2012-13.

He made the comment at a post budget press conference at DCCI office in the city.

The DCCI president said, “We should give importance on the comment made by US Ambassador to Dhaka Dan W Mozena saying that ready-made garment of Bangladesh might be faced trouble due to political instability in the country.”

“The scope of whitening black money might be given with condition and realizing fine as it will help create employment opportunities for the unemployment youth.”

It is big challenge to achieve 7.2 percent GDP in the proposed budget and to bring down the inflation rate under 7.5 percent, he added.

The DCCI placed 26-point recommendations that included tax policy, income tax, value added tax, import duty.

Among others, senior vice president of the organization Haider Ahmed Khan, director M Bashiruddin Bhuiyan, Khandaker Shahidul Islam, M Abu Huraira, Abul Hossain, former president Hossain Khaled, Benazir Ahmed were present at the meeting.

BDST: 1639 HRS, JUN 12, 2012
Edited by: Mohammed Humayun Kabir, Sr Newsroom Editor, M. Mahbub Alam, Asst Output Editor