Leaders of the country textile and apparel sector today urged the government to continue the cash incentive on export receipts until 2032.
They also urged the government to reconsider some of their major issues, including the reduction of source tax.
They made the demands at a post-budget joint press conference held at the BGMEA office in Uttara.
Leaders from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the Bangladesh Textile Mills Association (BTMA), and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) spoke at the press briefing.
They urged the government to withdraw 1.0 per cent duty on the import of capital machinery and construction materials by factories located in the economic zones.
The leaders of the country textile and apparel sector also demanded introducing a special financing scheme for sustaining the country small and medium industries.
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Mahbubul Alam today said that the proposed budget for fiscal year 2024-14 (FY25) is practical and implementable which can fulfill the pledges made by the government for materializing aspirations of the people under the current circumstances.
Mahbubul, the chief of the country apex trade body, however, said that meeting the fiscal target for keeping inflation within 6.5 percent and attaining Taka 4.80 lakh crore revenue collection target by the National Board of Revenue (NBR) would be major challenges before the government.
The FBCCI president said this while addressing a press conference on the proposed budget for FY25 held at the FBCCI Icon in the capital Motijheel area.
FBCCI senior vice president Md Amin Helaly, DCCI president Ashraf Ahmed, BKMEA executive president Mohammad Hatem and senior leaders of the FBCCI were present on the occasion.
Seven leaders from the neighbourhood and Indian Ocean region including Prime Minister Sheikh Hasina and 8000 other guests from various professions are set to attend the swearing-in ceremony of Prime Minister Narendra Modi, reports said.
Prime Minister Sheikh Hasina, who was invited, among other leaders, by the Indian Prime Minister-designate Narendra Modi, has already reached the Indian capital New Delhi today to attend the high-profile event to be held at Rashtrapati Bhaban tomorrow evening.
A special flight of Biman Bangladesh Airlines carrying the prime minister and her entourage members landed at the Palam Air Force Station, the VVIP airport, in New Delhi 11:51 am (local time).
Bangladesh will celebrate Eid-ul-Azha on Jul 17 as the moon for the month of Zil Hajj has been sighted.
The National Moon Sighting Committee announced the date in a meeting at Baitul Mukarram National Mosque on Friday.
Eid-ul-Azha is traditionally celebrated on the tenth day of Zil Hajj, the final month in the Arabic calendar. Muslims sacrifice animals to mark the day, the second biggest festival for them after Eid-ul-Fitr.
The kingdom will celebrate the Eid on June 16 as the Day of Arafah falls on June 15, the Saudi Supreme Court said in a statement.