Budget Plan Falls Short on Raising Commercial Competitiveness
The federal government must prioritize boosting the competitiveness of all industries if it wants to create more jobs, capture a larger share of global markets, and strengthen the economy. This focus was absent from the national budget for the financial year 2025-26, despite hopes from the business community, according to Ahsan Khan Chowdhury, chairman and CEO of Pran-RFL Group.
Chowdhury emphasized the need for stronger efforts to modernize ports, increase international competitiveness, and support income-generating sectors such as the garments industry. He highlighted the importance of reliable electricity, gas supply, infrastructure, and efficient logistics for business growth.
Despite the expectations for reforms and innovative budget plans, Chowdhury expressed disappointment in the lack of significant changes in the new budget. He called for measures to expand the tax net, provide greater access to microcredit for small businesses, and increase investments in education.
Chowdhury underscored the potential of local entrepreneurs to drive economic progress and stressed the importance of creating a conducive business environment. He encouraged young people to focus on education and technical skills to contribute to true economic development and propel the country forward.
