Dhaka: The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged for timely preparations to ensure market stability during the upcoming Ramadan and Eid period, emphasizing the need for ongoing dialogue between businesses and the government.
According to United News of Bangladesh, FBCCI Administrator Fazlul Haque made these remarks on Tuesday during a stakeholder consultation at the chamber’s Motijheel office. Haque announced plans for another consultation with business entities by October to discuss strategies for maintaining stable markets for essential commodities in collaboration with relevant ministries and departments.
The consultation brought together various business representatives to discuss the current stock, supply, import, and price conditions of essential goods. During the meeting, participants shared multiple recommendations with the FBCCI administrator aimed at controlling market conditions and commodity prices.
Fazlul Haque indicated that these recommendations would undergo further review and discussion with pertinent ministries and departments before any subsequent measures are taken. He highlighted the primary goal of the FBCCI’s initiative as fostering collaboration among stakeholders to identify and address market issues. Haque also noted the positive involvement of both small and large businesses in the dialogue.
With the anticipated increase in demand for daily essentials ahead of Ramadan and Eid, Fazlul stated that the chamber would submit the necessary recommendations to the government to prevent excessive pricing that could burden ordinary citizens. He emphasized that the FBCCI aims to play an effective role in market regulation by implementing business-driven recommendations rather than engaging in merely symbolic activities.
Additionally, Haque expressed concerns about potential price increases following the announcement of a new pay scale for government employees. He urged the government to communicate positively to mitigate public fears of price hikes and stressed that the wage increase should not be exploited to destabilize the market.