Prime Minister’s Private Industry and Investment Adviser Salman F. Rahman said that bank interest rate will increase further in the future. Therefore, he indicated that traders should be prepared to face the challenge of increased interest.
Salman F. Rahman expressed this apprehension at a discussion meeting with the newly elected committee of Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) at the conference room of Bangladesh Investment Development Authority (BIDA) in Agargaon of the capital on Thursday (September 7).In view of various complaints of traders in the meeting, this adviser to the Prime Minister said,
“The government kept the bank interest rate under control for a long time. But due to increase in interest rate on deposits now, it will not be possible to keep it under control in the future”
Therefore, he urged the businessmen to be ready to face the challenge of increased interest rates.
Salman F. Rahman said that the government has challenges in collecting revenue. Despite the demands of the traders, the tax was reduced, but the revenue did not increase at the desired rate.
Therefore, Prime Minister’s Private Industry and Investment Adviser Salman F. Rahman urged businessmen to pay taxes regularly to maintain the continuity of the country’s development.
In the exchange meeting, the business leaders highlighted the challenges of the country’s trade and various harassment of the revenue department. Salman F. Rahman advised FBCCI to work closely with the revenue department to resolve the crisis.
He said”It is the government’s job to ensure a competitive business environment. It is not the government’s responsibility to ensure the profit of traders.”
