Dhaka, Sept 13 (UNB) - Principal Coordinator (SDG Affairs) of the Prime Minister's Office Abul Kalam Azad on Thursday said Bangladesh’s per capita income will reach US $16,000 by 2041 when the country will be a developed one.
He came up with the remarks while addressing a roundtable discussion on "Potential Roles and Challenges of Private Sector to Achieve Sustainable Development Goals" organised by Dhaka Chamber of Commerce and Industry (DCCI).
Azad said the government has created a land bank of 1 lakh acres for establishing economic zones across the country, especially in the south belt where 35,000 acres of land have been acquired and handed over to Bangladesh Economic Zones Authority (Beza).
He said the government has done a mapping with the goals and targets of SDGs and assigned all the ministries with their respective tasks for their implementation, according to a press release.
“We need resources mobilisation for financing issues and to enhance skill development,” Azad said.
He urged the private sector to invest in the economic zones, saying the government will facilitate their investment providing electricity and gas supply.
DCCI President Abul Kasem Khan in his welcome address said the private sector is facing some challenges. “We need policy continuation, consistency and cohesiveness for more engagement of private sector in attaining SDGs.”
President of Metropolitan Chamber of Commerce and Industry (MCCI) Barrister Nihad Kabir and President of Chittagong Chamber of Commerce and Industry (CCCI) Mahbubul Alam were also present at the programme.
Dhaka, Sept 13 (UNB) – Mobile-phone banking generates some Tk 994 crore transactions on average a day as such banking method is getting popular day by day in the country.
Replying to a starred question from Awami League MP Shamsul Hoque Chowdhury (Chattogram-12), Finance Minister AMA Muhith came up with the statistic in Parliament on Thursday.
He said the total number of mobile-phone banking customers is 6.4 crore. “Of them, 3.6 crore are doing transactions actively through the banking method.”
Responding to another starred question from ruling party MP AKM Rahmatullah, the minister said Bangladesh received commitments of $14,612.18 million foreign assistance from different countries and donor agencies in 2017-18 fiscal year.
Of the amount, $14,231.45 million was loan while $380.73 million donation.
Muhith said the disbursed amount of the foreign assistance was $6,290.75 million in the fiscal year.
Of the disbursed amount, $5,910.12 million was as loan while $380.63 million as donation.
Dhaka, Sep 12 (UNB)- Prof. Dr. Md. Salim Uddin, FCA, FCMA, Chairman, Executive Committee of Islami Bank Bangladesh Limited and Chairman of Bangladesh House Building Finance Corporation presented a paper titled ‘Review of Iron and Steel Market: Global Perspective’ in an International Conference organized by Steel Group recently at the Hotel Redisson Blue, Chittagong.
Institutions from 19 countries including USA, India, Japan, Korea, China, Australia, Germany, Austria, Singapore, Belgium and Italy attended the two-day seminar.
Speakers at the seminar highlighted the global impact of the iron and steel industry, present scenario, future prospects alongside its qualitative development through sustainable technology and expansion of the market.
Prof. Dr. Md. Salim Uddin in his speech mentioned that in the year 2017, the total steel production in the world is 1.69 billion metric tons out of which China produces 49.2%. At the same time, Bangladesh produced only 7 million metric tons. In absence of own raw materials, Japan has been able to produce about 6.2% steel product of the world. Our neighboring country India has also continued its efforts in the industry.
In these circumstances, it is essential to take appropriate planning for the development of the steel industry of Bangladesh. He also said that by the year 2030, the demand for iron and steel would reach 2 billion metric tons.
Dhaka, Sep 12 (UNB)- Local manufacturers of refrigerators, freezers, air conditioners and compressors recently urged the government for provide industry-friendly policy supports in the next couple of fiscal years for the sustainable advancement in high-tech appliances manufacturing industry in the country.
They also demanded withdrawal of 15 percent VAT on the locally made compressors and the reduction of imbalanced duties structure between the imported finished compressors and the raw materials of the locally made compressors.
Mohammad Shahabudding, general secretary of Bangladesh Refrigerator Manufacturers and Exporters Association, said earlier the government announced VAT exemption benefit for the local refrigerator, freezer and air conditioner manufacturers till the current fiscal year 2018-19.
The local entrepreneurs demanded the continuation of the present VAT exemption for the next couple of fiscal years, said a press release.
Shahabudding also informed that the local compressors manufacturers have to pay 5 to 25 percent duties on the import of necessary raw materials while the finished compressors importers pay 5 percent duties. In addition, the government imposed 15 percent VAT on the locally made compressors.
The local compressors manufacturers urged the government for withdrawing the present VAT and imposing lower import duties for the necessary raw materials comparing to the duties of imported finished compressors.
Dr. Saleh Ahmed, former governor of Bangladesh Bank, said, the local entrepreneurs made a tremendous progress in the high-tech appliances manufacturing industry of Bangladesh.
The fastest growth of the local appliances manufacturing industry will also allure foreign investment in this sector. To ensure the sustainable boost of this sort of industry in Bangladesh, the government should continue the present industry-friendly policy supports.
Dhaka, Sept 12 (UNB)- The 19th meeting of Risk Management Committee of Al-Arafah Islami Bank Ltd. (AIBL) was held recently at its head office in Purna Paltan area in the city.
Chairman of the Committee Md Liakat Ali Chowdhury presided over the meeting, according to press released issued on Wednesday.
Members Abdus Samad Labu, Md Abdus Salam, Md Amir Uddin, Managing Director Md Habibur Rahman, Deputy Managing Directors, Kazi Towhidul Alam, Md Fazlul Karim, Muhammad Mahmoodul Haque, Mohammed Zubair Wafa, Executive Vice President and Company Secretary, Md Mahmudur Rahman were present in the meeting.