FBCCI welcomes scope for whitening black money

It describes budget as 'public and business-friendly'

Published: June 15, 2019 16:18:01 | Updated: June 16, 2019 10:02:18

FBCCI President Sheikh Fazle Fahim speaking at a press conference in Dhaka on Saturday. Photo: UNB

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has welcomed the black money whitening facility in the proposed budget national budget for the 2019-20 fiscal year.

The apex trade body also described the budget as 'public and business-friendly'.

"We thank Prime Minister Sheikh Hasina and Finance Minister AHM Mustafa Kamal for announcing such a public and business-friendly budget," FBCCI President Sheikh Fazle Fahim said at a budget reaction press conference in Dhaka on Saturday, reports UNB.

Welcoming the black money whitening windows, he said, "We see positive things in the budget."

Replying a question, he said that if the government takes loan from banks then it will have an impact on the banking sector.

He also urged the government and the authorities concerned not to hassle businesses during new VAT law implementation.

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