Published:  01:04 AM, 28 September 2018

Muhith plans for reducing NPL

Muhith plans for reducing NPL An IBFB delegation led by IBFB President Humayun Rashid paid a courtesy call on Finance Minister AMA Muhith, MP, yesterday at his eecretariat office in the city. -AA

Finance Minister AMA Muhith yesterday said he is making a report in light of his long experience in the financial sector to give necessary guidelines to his successors, which will help reduce the Non-Performing Loan (NPL).

The finance minister disclosed the information in a meeting with leaders of the International Business Forum of Bangladesh (IBFB) at the Finance Ministry in the city. IBFB President Humayun Rashid and directors of the forum were present at the meeting. Muhith said the report is likely to be completed in November this year and it will give necessary suggestions to reduce the number of loan defaulters.

He underscored the need for increasing revenue collection, saying the country's revenue-GDP ratio is one of the lowest in the world as the taxpayers do not pay taxes properly.

But the situation is changing as many people, especially the youth, are coming forward to pay their taxes, he added.
Responding to a question, the finance minister said the government will not face any challenges for quota cancellation in public service recruitment.

The delegation of IBFB led by the President of IBFB and Managing Director and CEO of Energypac Power Generation Ltd Humayun Rashid, accompanied by Mahmudul Islam Chowdhury, Founding President of IBFB, Chairman of Khan Bahadur Group, MS Siddiqui, Vice President of IBFB, Legal Economist and CEO of Bangla Chemical, Lutfunnisa Saudia Khan, Vice President Finance of IBFB, Director of Banglaphone, Commlink Infotech Limited and Communication Access Ltd, Syed Mustafizur Rahman, Director of IBFB and Managing Director of Novo Cargo Services Ltd, Dr Md Mozibur Rahman, Director of IBFB, Former Secretary to the government and Managing Director of Runner Oil and Gas Ltd, Mohammad Ali Deen, Director of IBFB, and Chairman of M/S Deen Impex, Dr Md Ali Afzal, Director of IBFB and Managing Director of Krishibid Group,  Dr Muhammad Abdul Mazid, Director of IBFB, Former Secretary and Chairman of NBR, Dr AFM Matiur Rahman, Director of IBFB, were also present at the meeting.

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