FBCCI requests extension of loan repayment period

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The Bangladesh Federation of Chambers of Commerce and Industry on Sunday requested an extension of the unconditional loan repayment moratorium facility until June 30, 2022.

The government proposed the moratorium in 2021 amid the Covid epidemic.

FBCCI Chairman Md Jashim Uddin said the government should announce an extension of the moratorium on loan repayments as soon as economic activities return to normal.

He made the call at the FBCCI 2019-2020 Annual General Meeting, held at the Officers Club in the capital, Dhaka.

Jashim said extending the easing of the loan classification period will bring relief to traders and speed up economic recovery as businesses remain in dire straits due to the negative impact of the pandemic.

Jashim urged the National Revenue Council not to rush the new income tax law final.

“As an income tax law is currently in force, the new law should be enacted in consultation with all stakeholders, including the FBCCI,” he said.

The head of the country’s supreme trade body said businesses from all walks of life in the country should work together to meet the challenges of graduation and harness the potential of a developing country.

As part of political advocacy, the trade body formulated four strategy documents – Mobilization of internal resources and tariff rationalization, Global market access 2021-2026 and beyond, Investment measures for sustainable inclusion and development sustainable exports, Subsidies and incentives – to address post-graduation. challenges, Jashim said.

FBCCI Senior Vice President Mostofa Azad Chowdhury Babu, Vice Presidents MA Momen, Md Aminul Haque Shamim, Md Amin Helaly, Salahuddin Alamgir, Md Habib Ullah Dawn and MA Razzak Khan, among others, spoke at the Of the reunion.

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