ICC Bangladesh backs avoiding hard loans, discouraging luxury imports

The trade body also endorsed recent austerity and regulatory measures by the government and the Bangladesh Bank aimed at curbing non-essential imports and suspending the implementation of projects with high import components, according to Bangladeshi media reports.

ICCB also backed the demand by businesses not to raise power and gas rates, fuel prices as well reduce corporate tax rates during the upcoming budget as these will be helpful in containing the inflation, said ICCB president Mahbubur Rahman at its 27th annual council meeting in Dhaka recently.

Fibre2Fashion News Desk (DS)