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CA stresses watch on BBBF recommendations

UNB, Dhaka
Chief Adviser Fakhruddin Ahmed yesterday asked for regular monitoring to see the outcome of implemented and under-implementation recommendations of Bangladesh Better Business Forum (BBBF), formed to help drive economic growth.
The CA, also chairperson of the BBBF, made the suggestions chairing the fifth meeting of the public-private business forum at the CA's office.
The five working groups under BBBF formed last year have made 250 recommendations, of which 113 were endorsed by the Better Business Forum. Of the approved recommendations, 52 have already been implemented while the rest are in different stages of implementation.
Among the recommendations already implemented are Reconstruction of National ICT Task Force, setting up National Skill Development Council (NSDC), increasing amount of financing and facilities in small and medium sector, establishment of SME service centre, expansion of tax holiday in industrialisation, rationalising import duty and reducing bandwidth and other charges on internet services.
The working groups would introduce necessary monitoring system with the help of BBBF secretariat. The Board of Investment office provides secretarial services to BBBF.
At the meeting, members of the committee and business-men discussed electricity, gas, coal policy and real-estate affairs and suggested lifting coal through quick implementation of the Coal Policy to meet growing demand for fuels.
The CA called upon the BBBF working groups to become more active and directed implementation of the recommendations quickly. He instructed strengthening the BOI through recruiting more manpower for the board.
Regarding electricity and gas, Fakhruddin said the government has taken appropriate steps to meet the shortage of gas. It was the first time BAPEX was financed to make it an independent institution.
“It is not possible to solve easily problems of fuels without adjusting the present price
of gas,” he was quoted by an official handout as saying.
He informed the BBBF meeting that work for formulation of a new Broadband Policy Guidelines is at the final stage, aiming to make broadband available and cost-effective across the country.
Soon an ICT policy will be finalised under the National Skill Development Council, the head of the caretaker government said and called for more investment in this sector.
On the National Housing Policy, he said the sector has immense contribution to the national economy. There is no debate in principle regarding the policy guidelines. “Even then, discipline will have to be brought back in this sector for protecting the interest of clients."