Business community awaits more fiscal stimulus: PM

Sun Online Desk

21st May, 2015 11:44:49 printer

Business community awaits more fiscal stimulus: PM

Prime Minister Sheikh Hasina on Thursday announced that the country’s business community will get some more fiscal stimulus in the coming budget for fiscal 2015-16, reports UNB.

"We’ll give some more fiscal stimulus…I won’t tell you now anything about it, we’ll announce it in our budget on June 4…the Finance Minister will tell you everything in his budget speech," she said.

The Prime Minister was addressing a reception accorded to her by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) at Bangabandhu International Conference Centre (BICC) for her diplomatic success in having the long-pending Land Boundary Agreement ratified by both chambers of the Indian parliament.

The Prime Minister said the Awami League government is always pro-business one as it provides all sorts of facilities to businesspeople. "We’re here not to do business, we never do business, but we create scopes for businesses so that the businesspeople can do their business smoothly."

Hasina said her government is providing facilities to businesspeople for their business expansion which will ultimately gives the country's economy a strong footing. "But, I would like to tell you something…you all have to do your business keeping in mind the interest of the country."

She said personal gain must not come above the interest of the country and its people. "Who makes how much profit is not a big issue…the big issue is how much you contribute to the country… you must look at that."

Hasina said the businesspeople will do their business while the government will act as a stimulator. "But you must not enjoy this facility all alone, you must look at the interest of the common people," she said.

About the existing unemployment in the country, the Prime Minister said the government through various programmes has significantly minimised the unemployment problem and wants to minimise it further. "That’s why we keep our eyes on labour intensive as well as small and medium industries…we want to increase the number of these industries. We’re taking steps to boost investment in the country further.”

She said Father of the Nation Bangabandhu Sheikh Mujibur Rahman, after the country’s independence, had taken various initiatives for the country’s development and the welfare of its people. "The Land Boundary Agreement is one of them, it would have been ratified by the Indian Parliament if the Bangabandhu had not been assassinated in 1975," she said.

Hasina mentioned that the present government is just completing the unfinished tasks of those programmes taken during the Father of the Nation’s rule.

Commerce Minister Tofail Ahmed and Foreign Minister Abul Hassan Mahmood Ali also spoke at the function held with FBCCI president Kazi Akram Uddin Ahmed in the chair.