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Aggressiveness of businessmen is positive sign for economy: Mannan

He says at pre-budget discussion


Published : 31 Mar 2022 08:10 PM

Planning Minister M A Mannan on Thursday said that the aggressiveness of the businessmen is appreciable and positive sign for the economy. 

He urged all the government agencies to play their respective roles in a friendly manner while providing services. 

He was addressing a live pre-budget discussion jointly organized by Dhaka Chamber of Commerce & Industry (DCCI), Samakal and Chanel 24 at Bangabandhu International Conference Centre (BICC). 

Minister also said that government should give more priority in the infrastructure sector. Government is committed to work hand in hand with the private sector in order to be competitive in the world.   

Dhaka Chamber President Rizwan Rahman moderated the discussion.

Syed Manzur Elahi, Former Adviser to the Caretaker Government, Md. Shafiul Islam Mohiuddin, former President of FBCCI and Md. Jashim Uddin, President of FBCCI were present as special guests.

Syed Manzur Elahi, Chairman of Apex Group and Former Adviser to the Caretaker Government said that we need to improve ease of doing business and reduce cost of doing business for a conducive trade and investment ecosystem in the country. 

He also said that even in the developed countries like Germany, USA SMEs are the lifeline of their economy therefore we also need to facilitate this promising sector for the overall wellbeing of the economy.  

Md. Jashim Uddin, President of FBCCI said that exporters should get incentives. Logistic is a huge back log for us, he mentioned. 

He also called upon the NBR to consult with the private sector prior to changing any rules or SROs because sudden changes sometimes become a hassle for the business community. 

Dhaka Chamber President Rizwan Rahman proposed to reduce corporate tax rate by 2.5% for both listed and non-listed companies in the next budget. 

He also urged to reduce tax on income of corporate dividend from existing 20 percent to 10 percent. An integrated tax administration system is crucial for a simplified tax management system, he said. 

Md. Shafiul Islam Mohiuddin, MP, former President FBCCI said that CMSMEs are the backbone of our economy all the CMSMEs should have access to the fund of the stimulus even though having some compliance issues of them.