The New Nation - Internet Edition

Staff Reporter

Prof Muzaffar Ahmed said economic mismanagements of the Government resulted the recent in inflations and economic crises.

Underscoring combined development of the various sections in the agriculture sector of the country, he said immediate rehabilitation of the sector is needed to develop macro economy of the country.

Prof Muzaffar Ahmed as chief guest was addressing the roundtable on "Economic achievements in the first six months of the 2007-'08 fiscal year" at the National Press Club yesterday.

Islamic Economics Research Bureau organised the roundtable presided over by former Secretary and Chairman of the Bureau Shah Abdul Hannan, while former member of the Planning Commission Dr Sheikh Maksud Ali spoke as special guest.

Prof Muzaffar Ahmed said management crises arise due to the disruption in the supply network, but the Government did not take the issue seriously that resulted in further deterioration of the situation.

He urged the government to examine transfer of garment factories outside Dhaka city to reduce the problems of the sector.

Dr Sheikh Maksud Ali urged to form farmers' organisation with a view to modernise agriculture, strengthening the two-phase cooperative system of Comilla model innovated by Dr Akhter Hamid.

Blaming the affluent section of the society for the misuse and default of loans, he urged for action against the guilty persons.

Prof Ayubur Rahman Bhuiyan, former teacher of Economics Department of Dhaka University presented keynote paper at the meeting.

Abdur Rakib, former executive chairman of Islami Bank, Dr Mizanur Rahman, Director (research), Research and Training Institute of the Bank, Columnist Engr Fazley Rabbi, Shawkat Ali, EVP of the bank and Abdur Razzak, among others, participated in the meeting.