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CA asks business community to contribute more to economy

UNB, Dhaka
Terming private sector engine of growth. Chief Adviser Dr Fakhruddin Ahmed has urged the business community to contribute more to the national economy by creating a business-friendly atmosphere with joint efforts of the government and businesses.
He sought their cooperation when a 38-memder delegation of the newly elected FBCCI executive body lea by its President Annisul Huq made a courtesy call on him yesterday at his office.
The business leaders made a plea for providing facilities to undisclosed legal income-holders under Green Channel Investment Package for investing their money in priority sectors without any penalty.
The apex business body also made a number of other suggestions, including setting up joint Hein Line comprising the FBBC1 and the NBR for 25 percent expansion ofVAT net within one year, and keeping Tax Holiday as a permanent provision in the Income Tax Law.
Congratulating the new executive body of the FBCCI, Fakhruddin said, " The government also has expectation from the business community as they expect from the government."
He mentioned that this time farmers have made a remarkable contribution to the national economy through bumper harvest of crops like paddy, wheat, potato and maize despite two successive floods and devastating cyclone Sidr.
The government is trying its best to support business people, and formed Better Business Forum (BBF) to make publicprivate sector cooperation stronger and create a congenial business atmosphere.
The meeting was informed that the forum would sit today for an appraisal of the latest situation.
Responding to some suggestions and demands of the FBCCI leaders, the chief adviser said the government would look into the suggestions with due importance and ask the ministries to see to those.
The BBF meeting today would address their problems, the meeting was told.
Newly elected FBBCI President Annisul Huq, in his written speech, appreciated the caretaker government's various reforms and successes in a short time, and assured of their cooperation with the government.
He put forward the FBCCI suggestions for joint Help Line, Tax Holiday as a permanent provision, Green Channel Investment Package for undisclosed legal income-holders without any pen- ally for investment in sectors like industry, infrastructure, shipbuilding, mining, energy and power. Reucing bureaucratic complexities were among the suggestions.
The delegation also suggested specific duties on some Items, including edible oil, fuel oil, powdered milk and baby food, zinc ingot, aluminum ingot, steel scraps, and chemical materials, to ensure availability ofcheap industrial materials and raw materials to keep market prices stable.
Commerce Adviser Dr Hossain Zillur Rahman was also present.