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Apex trade body FBCCI charts 6-pt demand to tide over political turmoil

FBCCIExpressing grave concern over the ongoing political impasse, the country’s apex trade body decided Sunday (22 December 2013)  to put forward a 6-point demand to the Prime Minister, implementation of which, they said, would help them cope with the situation.

The demand includes slashing the bank interest spread to 3 per cent for all sectors.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) in a press release issued on the day said its emergency board meeting took the key decision and requested the government to implement their demand for the sake of continuation of trade and business activities.

According to the proposals, the FBCCI demanded loan classification and rescheduling facilities for all the sectors including industrial and services sectors as was being offered by the central bank to the SMEs (Small and Medium Enterprises) under the present circumstances.

Their other proposals are: Allowing opening of letters of credit (L/Cs) at the zero margin for next two years by scheduled banks and no utility service disconnection drive at any industrial or business establishment unless the situation improves.

It said the rates of VAT, tax and duty should be brought down to a logical level as required until June, 2014 and no businessmen or traders, who turned loan defaulters due to the existing political turmoil, should be harassed by any quarter.

The emergency board meeting also adopted another proposal seeking the facility of rescheduling term and working capital loans for 15 and 10 years respectively.

The FBCCI board members said the business community needed a business-friendly atmosphere like the level-playing field of the politicians.

The apex trade body also strongly condemned the resolution recently adopted by the Pakistan national assembly over the execution of Jamaat leader Abdul Quader Mollah.

The Federation called upon the authorities concerned to withdraw the resolution immediately for maintaining business relations between Pakistan and Bangladesh. It would soon submit the condemnation proposal to the Pakistan Chamber of Commerce and Industry and the SAARC Chamber of Commerce and Industry.


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