IBFB presents reaction on the proposed National Budget

09 June 2016
IBFB presents reaction on the proposed National Budget

Islami Bank Bangladesh Limited has taken month-long program to distribute Ifter among one lac fifty thousand fasting pedestrians in Dhaka and Chittagong cities during the Holy Month Ramadan this year. Mohammad Abdul Mannan, Managing Director of the Bank i


Economic Reporter :
The International Business Forum of Bangladesh (IBFB), organized a press conference on "Reaction of IBFB on National Budget 2016-17" on Wednesday in the city.
President of IBFB Hafizur Rahman Khan, presented the IBFB's reactions at the press conference, where, among others, IBFB Vice President (Finance) Humayun Rashids Lutfunnisa Saudia Khan, IBFB directors M. S. Siddiqui, Md. Ali Deen, Md. Ershad Hussain Rana, Syed Mustafizur Rahman and former Chairman of Bangladesh Tariff Commission; Dr. Md. Abdul Mazid, Chairman of IBFB Finance Committee and former Chairman of NBR; Md. Fakhruddin, Chartered Accountant and Member of IBFB, Md. Abdus Salam, IBFB Executive Director and former Secretary to the Govt. etc. were present.
The IBFB President Hafizur Rahman Khan said, the Finance Minister has already proven his capability to overcome any challenge in implanting the bigger budget, which is much appreciable. He mentioned, this is much encouraging that the size of the national budget is gradually increasing, and it clearly indicates economic progress and its strength.
In order to ensure further acceleration of the economy, IBFB believes that total 45 percent of the national budget should be utilised for implementing development programmes. Otherwise, the government's vision for attaining a middle-income status in the next five years and a developed country by the year 2041 would be delayed, he said.

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