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Govt working to reduce cost of doing business: Tofail

Commerce Minister Tofail Ahmed today said the government is working to reduce further the cost of doing business by slashing source tax and taking other initiatives.

For doing business, a congenial atmosphere is a must and now it is the best time to invest more in industries, he said, speaking as the chief guest at the inauguration of President's Executive Floor of the Dhaka Chamber of Commerce and Industry (DCCI) in the city.

On the occasion of celebrating 60 years of DCCI, the Chamber opened its President's Executive Floor at its own building in Motijheel.

Tofail said the government will take necessary initiatives to sign Free Trade Agreement (FTA) with Vietnam and other potential countries.

He said Bangladesh is moving faster in terms of trade and commerce compared to other SAARC and South Asian countries.

The commerce minister said recently the government has raised the minimum monthly wage for the garment workers to Taka 8,000 from the Taka 5,300 with effect from December next.

On this issue, he asked the businessmen not to be worried about this as the government is thinking to reduce cost of doing business by slashing source tax and taking other initiatives. DCCI President Abul Kasem Khan and former Presidents Rashed Maksud Khan, Matiur Rahman, ASM Quasem, Aftab ul Islam and Asif Ibrahim, among others, were present at the function.

Abul Kasem Khan said economy of the country is experiencing a growing trend which is a good sign for attracting foreign direct investments.

DCCI is going to hold an international conference titled 'Destination Bangladesh' in the next month to expose Bangladesh's strength of attracting investments, he added.

Source: Bangladesh Sangbad Sangstha (BSS)