STAFF CORRESPONDENT

In a sudden reversal, the Bangladesh Investment Development Authority (BIDA) has withdrawn its claim that the government had established a formal Private Sector Advisory Council.

The clarification came just hours after BIDA issued a statement naming nine prominent business leaders as inaugural members of the body. The Daily Star had published a report on its business page, based on that initial press release issued yesterday evening.

In a revised message posted on its Facebook page, BIDA said the meeting with Prime Minister Tarique Rahman was merely convened to gather observations and recommendations from selected entrepreneurs and identify priorities for private sector-led growth.

“It was not a formal advisory council of the government or the honourable prime minister,” BIDA said, adding that the council had no organisational or legal basis.

BIDA also said “similar engagements” would continue in the future, The

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