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Friday, 18 October 2019, 12:48PM

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Black money holders might get more opportunities

Business

Senior Correspondent, Barta24.com | 28 June 2019, 07:08AM

Black money holders might get more opportunities
Photo: Barta24

Commerce Minister Tipu Munshi terming the proposed budget of 2019-20 as business friendly said that the investors have been encouraged. Prime Minister is going to set up 100 special economic zones countrywide where the local and foreign investors would be given special opportunities to attract them for investment.   

The Commerce Minister in his address as the chief guest said this in a function on budget review held at Hotel Pan Pacific Sonargaon on Thursday (June 27) organized by FBCCI.

He said that to attract local investment the government has taken the policy of offering special facilities. Government is trying to keep the rate of VAT and duty on trade to keep the price of goods tolerable. The progress of the trade and commerce means the progress of the country. 

Tipu Munshi further said that the country is running on the path of prosperity and development. For the desired development it needs the sincere efforts of every one. The present government of Sheikh Hasina has been termed as the business friendly government. In the budget the businesses were encouraged. 

No employment opportunities are created if the business does not expand. For the expansion of business boundary the opportunities of the businesses are being enhanced. The government is very much sincere in this matter. The Commerce Minister added that if there is any inconsistency in the proposed budget then the government will rectify it.

He said that regarding black money I have a suggestion. The suggestion is that for investing black money in economic zones the holders were charged 10 percent tax. This opportunity might be extended. The rate of tax between the company employing 100 workers and the company employing 5000 workers should not be equal.

The function chaired by FBBCI president Sheikh Fazle Fahim was addressed among others by the chief coordinator of SDG in Prime Minister’s Office Abul Kalam Azad, former president of FBCCI Md. Shafiul Islam Mohiuddin, BGMEA president Rubana Haque and former BGMEA president Md. Siddikur Rahman.