The IMF projects that consumer prices in the country will rise by 7.9 percent by the end of the fiscal year
Board of Investment getting powers to allocate gas-power connections to lure funds
The Board of Investment (BoI) is getting powers to allocate gas and power connections to lure local and foreign funds.
Published : 8 April 2015, 08:31 PM
Updated : 8 April 2015, 08:31 PM
Finance Minister AMA Muhith, after a pre-budget discussion on Wednesday, said they would take measures in the upcoming budget.
Former finance minister M Saiduzzaman and former Bangladesh Bank governor Mohammed Farashuddin, among others, attended the programme in Dhaka.
They discussed proposals for the next budget.
“Farashuddin made a good proposal,” Muhith said. “He said giving investment board power to allocate 2 percent of the total gas and electricity will attract local and foreign investment.
“I think I’ll include it in budget. It’s a good proposal.”
Asked how he was planning to execute it, the minister said it was “really simple”.
“The BoI will allocate 2 percent of the total gas and power produced or supplied as per project importance.
“A company will get the connection within maximum five days. The BoI will allocate and order (agencies) to give connections,” he explained.
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