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Sustaining economic growth to be difficult without political stability: FBCCI

Staff Correspondent
19 Nov 2023 21:55:30 | Update: 19 Nov 2023 22:06:38
Sustaining economic growth to be difficult without political stability: FBCCI
FBCCI officials at a meeting on the prevailing business and economic situation in Dhaka on Sunday — Courtesy Photo 

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has said it will be difficult to sustain the economic growth without political stability in the country.

In order to keep the economic growth continuing, the apex trade body also urged the political parties to refrain from violent activities.

FBCCI president Mahbubul Alam made the call at a view-exchange meeting on the prevailing business and economic situation with the chambers across the country, said a press release.

The meeting was held on Sunday at the FBCCI office at Motijheel in the capital.

In the meeting, business leaders discussed the negative impact of ongoing political violence on the country's industry, commerce, production, export, and supply chain.

Mahbubul Alam said that political parties should refrain from violent programmes for the sake of keeping the economy running. The business community of the country does not want any kind of political violence.

Business leaders of various district chambers took a stance against any violent political incidents such as strikes, protests, arson, and vandalism. They claimed that business owners and entrepreneurs will first face losses during any violent acts.

President of Sunamganj Chamber of Commerce and Industry Khairul Huda Chopol, also Vice President of FBCCI said, “We do not want strikes or protests. If a new strike or protest is called after the current 48-hour blockade, we can take an initiative to bring peace among the business community across the country under the leadership of FBCCI.”

Some groups have taken the path of destructive programmes centred on the national election, which is a big threat to the economy, said Mohammad Anwar Sadat Sarker, President of Gazipur Chamber and vice president of FBCCI.   

He urged the FBCCI along with the district chambers of the country to take action against these destructive activities.

Another vice-president of FBCCI Md. Munir Hossain said that businessmen have faced all the crises in the past and made the economy of the country strong today. He continued that the businessmen will get united and face the ongoing challenges.

The current and former directors of FBCCI virtually joined the meeting.