FBCCI urges govt to form industry and investment friendly budget
The Federation of Bangladesh Chambers of Commerce & Industries (FBCCI) has urged the government to formulate an industry and investment friendly budget.
"We hope that the government will make a sincere effort to formulate an industry and investment friendly budget in order to establish the country's productive sector on a solid foundation to meet the ongoing globalisation challenges," said FBCCI President Md Jashim Uddin.
Md Jashim Uddin presented a proposal for the upcoming budget for 2023-24 fiscal at the 43rd meeting of the Consultative Committee of the National Board of Revenue at Pan Pacific Sonargaon Hotel in the capital on Thursday (13 April).
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Md Jashim Uddin said, "NBR introduces many SROs on their own accord without consulting traders. Later there are problems in implementation at the field level.
"Before forming any Statutory Regulatory Order [SRO], sit with us, talk. Accepting every suggestion is not necessary. But there is no obstruction in talking."
The FBCCI president also said, "Customs officials make arbitrary valuations of imported goods, which increases the price of goods."
"There is a task force consisting of traders and NBR members, but it is ineffective," he said.
National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem presided over the meeting.
The FBCCI also suggested ensuring subsidy for small local businesses and Cottage, Micro, Small & Medium Enterprises (CMSME).
They also urged the government to keep the daily essentials market steady by controlling prices and ensuring continuous supply of products.
Finance Minister AHM Mustafa Kamal attended the event as the chief guest.
