The American Chamber of Commerce in Bangladesh (AmCham) held a “Post-Budget Panel Discussion”
on Wednesday 7th June 2023, at 3.30PM at the SHERATON Hotel, BANANI, Dhaka.
Mr. M.A. Mannan, M.P, Honorable Planning Minister, Government of the People’s Republic of Bangladesh attended the discussion as the “Chief Guest”. Dr. M. Masrur Reaz, Chairman, Policy Exchange of Bangladesh moderated the panel discussion where Dr. Ahsan H. Mansur, Executive Director, Policy Research Institute of Bangladesh (PRI) shared the Keynote Presentation and Dr. Muhammad Abdul Mazid, Former Secretary, GoB and Chairman NBR partook as the designated panelists. Mr. Syed Ershad Ahmed, President – AmCham chaired the session.
The Honorable Planning Minister shared the government overview of development, strategies and budget outlook. Dr. Ahsan H. Mansur presented the keynote for the discussion. AmCham President Mr. Syed Ershad Ahmed shared the brief overview, and few keynotes of National Budget FY 2023-24.
Since the government of Bangladesh aims to attain a 7.5% growth rate in FY24 containing the inflation during these difficult times heading for a new government to take over end of the year, AmCham Bangladesh recommend focusing on crisis management contingency approach, prioritizing expenditures and policy continuity on key procedural matters in followings:
● Carbon tax ● Income Tax policy diversity ● Foreign Exchange Reserve ● Alternatives to increase export revenue ● Energy Diversity to offload existing supply chain ● Import Duty and minimum tax ● National Board of Revenue ● Digital Economy ● ICT Tax Reform ● Banking Sector stability ● Logistics infrastructure
The National Budget FY 2023–24 outlines strong and stable, versatile development strategies for our nation. It is crucial that the government, private sector, and concerned stakeholders find the best way to work together to build a strong and more focused future for Bangladesh. We at AmCham Bangladesh with a diverse membership base and outlook focusing on global, national or business ecosystem at large, attempt to develop an approach that might help the business & regulatory leadership set the priorities on right strategies making rapid and inevitable remedies during these days ahead.
A good number of AmCham members including the Executive Committee Members, foreign dignitaries, business leaders, media representatives and other distinguished guests attended. Mr. Syed Mohammad Kamal, Vice President – AmCham & Country Manager, Mastercard – Bangladesh coordinated the event and offered the vote of thanks.