Call for Extension of Loan Classification

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President of the country’s top business organization FBCCI has called for unconditional increase in bank loan classification facility till next June. Jasim Uddin. He says economic activity has not been completely normal in the Corona epidemic. Affected traders are still in dire straits. Therefore, it is necessary to extend the unconditional bank loan classification facility till June 30.

At the annual general meeting of the FBCCI held at the Officers Club in the capital on Sunday, the president of the organization. Jasim Uddin said these things. Referring to the letter sent to Bangladesh Bank to extend the loan classification facility till June 30, he urged the central bank to make an announcement in this regard as soon as possible. The matter was informed in a press release sent by the FBCCI.

Later, FBCCI President Jasim Uddin told Prothom Alo, “The price of raw materials has gone up two to three times. Ship fares have also increased several times. In this context, in order to keep the trade and commerce dynamic, we have written to Bangladesh Bank asking for unconditional classification facility till next June in case of bank loan up to Tk 5 crore. In case of loan of more than Rs. We know that this will put the banks in danger. Even then, I wanted the benefit in the interest of trade and economy.

The FBCCI president urged the National Board of Revenue (NBR) not to finalize the new income tax law in a hurry. He also said that since an income tax law is currently in force, the new law should be enacted in consultation with all stakeholders, including the FBCCI.

Jasim Uddin said 17 sector-wise advisers have been appointed to turn the FBCCI into a truly research-oriented organization. He hopes that the FBCCI will be able to present its recommendations to the government in a stronger way through the analysis and advice of these experts in policy making.

The FBCCI president further said that the doors of the country’s top business organization are open to all traders. The FBCCI will be by their side to solve any problem. 6 standing committees have already been formed. These committees will identify sector based problems and work for quick solution.

Jasim Uddin said the FBCCI was working closely with the Bangladesh Investment Development Authority (BIDA) to ensure a better working environment in the country’s industries, adding that a safety council had already been set up at the FBCCI.
Jasim Uddin said the FBCCI would welcome 50 business freedom fighters to celebrate the 50th anniversary of independence.

FBCCI President. At the annual meeting held under the chairmanship of Jasim Uddin, senior vice president of the organization Mostafa Azad Chowdhury, vice president MA Momen, Md. Aminul Haque, Md. Amin Helali, Salahuddin Alamgir, Md. Habib Ullah, MA Razzak Khan and others were present.

The meeting also approved the annual report and audit report of FBCCI for the financial year 2019-20. Later a special general meeting was held.

Bangladesh Bank did not agree to appoint Chowdhury Manzoor Liaquat as Managing Director (MD) of Islamic Finance and Investment Limited. The central bank has blocked the appointment of Manzoor Liaquat as MD of Islamic Finance. He is currently the MD of Union Capital.

Bangladesh Bank sent a letter to the chairman of Islamic Finance in this regard on Tuesday. The letter said that on September 26, an application was made to appoint Chowdhury Manzoor Liaquat as the MD of Islamic Finance. After reviewing the application and in the interest of the depositors, the appointment of Manzoor Liaquat as the MD of the company could not be ruled out.

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