Private sector needs to be more socially responsible: Atiur Rahman | 2018-12-20

Private sector needs to be more socially responsible: Atiur Rahman

Press release

20th December, 2018 05:46:59 printer

Private sector needs to be more socially responsible: Atiur Rahman

Private sector has become more vibrant in Bangladesh now. It is contributing significantly in the development of Bangladesh. But private sector has to be more socially responsible and share their profit with the society that will foster inclusive development in Bangladesh.


Former governor of Bangladesh Bank and chairman of Unnanayn Shamannay Dr. Atiur Rahman has said this, in an exclusive sharing session on corporate sector engagement for the development of Urban Poor in Lakeshore hotel, Gulshan last night 19 December 2018.


International Non-Governmental Organizations Concern Worldwide, Independent research organization Unnayan Shamannay and Coalition for the Urban Poor (CUP) jointly organized the program.



Dr. Atiur in his speech warned that urban poor are become more vulnerable than that of rural poor. Citing an academic research he informed the audience that by 2025 if urban poverty can be reduced to 6 percent still the total number of urban poor will two million higher from the present number as migration from rural area to the urban area cannot be prevented.


He also stressed that government should be more attentive to the urban poor as they have been so for rural poor.


Representatives from prominent business groups and banks were present there and took part on the discussion.


They also agreed that private sector should do more specially for the urban poor through their CSR activities. They are ready for it.


They believe that CSR concept is not a mere donation to the society rather it is a way to share profit with society where both society and business group can remain in win-win situation to build up a better society.


But citing Indian example they stressed on enacting a Corporate Affairs Act and lift up taxes from CSR expenditure. Nakib Khan from Nestle Bangladesh, Ahsan Khan Chowdhuri from Pran RFL group, AKM Musha from Concern worldwide and Sumaya Rashid from SR Asia presented their speech.


Leaders and representatives from Bank Alfalah, Bank Asia, Dutch-Bangla Bank, ACI group of companies, Coalition for the Urban Poor, Incepta Pharmaceuticals Ltd, LafargeHolcim, Rehana Siddiqi Foundation were also present there and shared their valuable remarks.