Referring that the economic activity in the Corona epidemic has not returned to normal, the affected business are still in dire straits, the apex trade body FBCCI has written to extend the loan repayment moratorium till June 30, 2022.
FBCCI President Md. Jashim Uddin has urged Bangladesh Bank to announce the extension of loan repayment moratorium till June 30, 2022 as soon as possible.
He made the call at the FBCCI Annual General Meeting 2019-2020 held at the Officers Club in the capital on Sunday morning. The FBCCI president said extending the relaxation of loan classification period would bring relief to traders and speed up economic recovery.
At the annual general meeting, Md. Jashim Uddin in his speech urged the National Board of Revenue not to finalize the new income tax law in a hurry. As an income tax law is currently in force, the new law should be enacted in consultation with all stakeholders, including the FBCCI, the FBCCI president said.
Bangladesh will have to face some challenges in the aftermath of LDC transition. Businesses from all walks of life in the country need to work together to meet these challenges and take advantage of the potential of developing countries. Bangladesh will become a developed country by 2041 through the joint efforts of all, he added.
During the meeting, FBCCI President Md. Jashim Uddin said that the FBCCI is actively participating in the meetings of the National Committee headed by the Chief Secretary to the Prime Minister and various sub-committees under it to address the post-transformation challenges in developing countries.
Also, as part of policy advocacy to address post-2027 challenges, "Internal Resource Mobilization and Tariff Rationalization", "Global Market Access 2021-2026 and Beyond", "Investment Measures for Sustainable Inclusion" this four strategy papers have been formulated in the form of handbooks. Which will be formally handed over to the government soon.
At the same time, the process of setting up an Innovation Center at FBCCI is underway to enhance the sector-based capacity.
To make the FBCCI a truly research-oriented organization, 18 panel advisors have been appointed. The FBCCI will be able to make its recommendations to the government stronger through the analysis and advice of these experts in policy making on any issue.
FBCCI President Md. Jashim Uddin said that the door of the country's apex trade body is open for all traders. The FBCCI will be there to help them solve any problem. In the meantime 78 standing committees have been formed. These committees will work to identify sector-wise problems and solve them quickly.
The FBCCI is working closely with the Bangladesh Investment Development Authority to ensure a better working environment in the country's industries, he informed, a safety council has already been set up at the FBCCI.
In addition to various initiatives to expand trade and investment, the FBCCI has distributed health and medical supplies across the country to address the Covid situation out of social responsibility. In addition, to commemorate the golden jubilee of the victory, the FBCCI has organized a 16-day long "Bijoyer 50 Bochhor: Laal Sobujer Mohotshab".
The FBCCI president said the FBCCI would welcome 50 heroic freedom fighters from the business community to celebrate the 50th anniversary of independence.
It is to be noted that due to corona epidemic, the annual general meeting of 2019-2020 could not be held on time. That meeting was held on Sunday.
The annual meeting was presided over by FBCCI President Md. Jashim Uddin. Senior Vice President Mostofa Azad Chowdhury Babu, Vice Presidents M A Momen, Md. Aminul Haque Shamim, Md. Amin Helaly, Salahuddin Alamgir, Md. Habib Ullah Dawn and M.A. Razzak Khan along with other directors and general body members were present.
