ICC Bangladesh supports avoidance of firm loans and discourages imports of luxury goods

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06

June ’22


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The International Chamber of Commerce Bangladesh (ICCB) has strongly endorsed the Ministry of Finance’s recent recommendation to avoid outright loans and discourage the import of luxury goods as this may reduce pressure on declining foreign exchange reserves. . This will send a positive signal to the market and the economy and curb inflation, he added.

The trade body also endorsed recent austerity and regulatory measures by the government and the Bangladesh Bank aimed at curbing non-essential imports and suspending the implementation of import-intensive projects, according to media reports. Bangladeshi.

The Bangladesh International Chamber of Commerce has strongly endorsed the Ministry of Finance’s recent recommendation to avoid outright loans and discourage the import of luxury goods, as this could reduce pressure on declining foreign exchange reserves. This will send a positive signal to the market and the economy and curb inflation, he added.

The ICCB also supported the companies’ request not to increase electricity and gas tariffs, fuel prices as well as to reduce corporate tax rates in the next budget, as these will be helpful. to contain inflation, ICCB Chairman Mahbubur Rahman said at his 27th annual board meeting in Dhaka. recently.

Fibre2Fashion (DS) News Desk



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