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British-Bangladeshis urged to send remittances through legal channel

UNB . Dhaka
17 Mar 2023 14:26:08 | Update: 17 Mar 2023 14:31:27
British-Bangladeshis urged to send remittances through legal channel
— Collected Photo

State Minister for Foreign Affairs Md Shahriar Alam has urged the British-Bangladeshis to send remittances through the legal route.

"The money sent by the expatriates in Bangladesh will be protected and there is an opportunity to earn more profits than other countries through savings and investment, including government incentives from this money," he said while speaking as the chief guest at Bangladesh High Commission remittance fair in London on Tuesday (March 14), a press release read.

This fair was organized for the first time.

"Some quarters are spreading baseless propaganda through various means that sending money to Bangladesh is risky. Bangladesh's economy is currently not at risk," said the deputy minister.

"Citing the stability of Bangladesh's economy, various international organizations, including the International Monetary Fund, have said the country will become the 31st economy in the world by 2030.

Under the leadership of Prime Minister Sheikh Hasina, Bangladesh still maintains its position as one of the fastest growing economies in the world, despite facing the Covid-19 pandemic and war situation," he said.

Shahriar urged the expatriates to play a special role in building a smart Bangladesh announced by the prime minister by sending more remittances through the legal route without being misled by any kind of non-corruption and advised the charities to register in Bangladesh and send money from the UK through the legal channel, said the release.

"Currently, the UK is the fourth country to send remittances to Bangladesh. This position could be elevated in the future if the British-Bangladeshis send more money to the country through legal means," he said.

On the occasion, the state minister assured to consider these proposals when the representatives of various organizations sending remittances presented various proposals to offer special incentives for them, added the release.

Bangladesh High Commissioner to the UK Saida Muna Tasneem delivered the welcoming address.