“Remitters are contributing to the national economy directly. The key purpose of Prime Minister Sheikh Hasina’s (announced) 2 percent incentives is to boost remittance inflow through legal channel,” he said adding that the two percent incentives on remittance came into effect in July this year.
The Finance Minister made the remarks while addressing a discussion titled ‘Incentivising Remittances from the UK: Milestone Initiatives of Prime Minister Sheikh Hasina’ held at Bangladesh High Commission in London recently.
Representatives from over 20 remittance-sending institutions exchanged views with the Finance Minister, said the Bangladesh High in London on Saturday.
On creating scopes for expatriates to invest in Bangladesh, Minister Kamal said the government has taken various steps for the welfare of expatriates.
He said the flow of Foreign Direct Investment (FDI) and foreign assistance into Bangladesh is growing.
Minister Kamal also mentioned Bangladesh’s improvement in terms of ease of doing business.
Bangladesh rose to 168th in the global ease of doing business rankings this year from 176th in the previous year.
Bangladesh High Commissioner in London Saida Muna Tasneem announced that the highest remittance sending individual and institution from the UK to Bangladesh will be awarded.
This award will be given from the next year, she said.