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Downing of corporate tax to increase employment opportunities: MCCI

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09th-Jun-2018       
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Chattogram Bureau :
President of Chattogram Metropolitan Chamber of Commerce and Industry  Khalilur Rahman  in his instant reactions on the proposed national budget for 2018-19  said  the rate of interests on Bank loan will  not come down unless the  corporate  tax is not lessened to the maximum extents.
He said if the  bank  loan  interests not comes in single digit , the  advantages of  investments and  employment opportunities will not be increased. He further said  the monitoring on Banking sector  by  the concerned authority is not enough  for which irregularities  in the sector are  occurring  frequently . He disclosed it  immediate after announcement of  the proposed national budget yesterday.  He also hailed the Finance minister for announcing a  ever  big budget .Noted industrialist  Khalilur Rahman said  it is most essential  to undertake pragmatic  measures   by the govt agencies to implement  cent percent  ADP   sanctions  and if the ADP is implemented fully, country will get uninterrupted power supply, better communications network, and  If the port  is   developed  , the foreign exchange income will go up  as well as the  increase of employment opportunities  with   foreign investment and industrialization.
These are the basic roots of  increasing the GDP , he added. He said there is no alternative of  safeguard of local  industries  for increasing the GDP. He fears if the budget is not implemented fully,  the overall   progress of the country will hamper. He also proposed for employing local manpower  instead of foreigners  and  higher budget allocation for  creating skilled manpower in the country  is mandatory.
He urges the concerned authorities to  abide the  govt policy  strictly in employing the local manpower. He said the increase of tax on tobacco is a time befitting  decision  and hailed for that.

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