The New Nation - Internet Edition

UNB, Dhaka

Bangladeshi expatriate business leaders in UK meeting in the city yesterday expressed hope the next elected government would maintain political stability, which is the key to investment and development.

Expressing satisfaction at the current business atmosphere they said the government has to ensure political stability for attraction of investment.

Federation of Bangladesh Chambers of Commerce & Industry arranged the discussion meeting with the delegation of Bangladesh-British Chamber of Commerce (BBCC) at its auditorium.

BBCC chairman Shahagir Bakht Faruk, who led the 30-member business delegation, said Bangladesh is a potential place for investors. But the country needs political stability to exploit the opportunity.

FBCCI president Annisul Haq said the major problem of investment is lack of infrastructure including gas and electricity. The investors want a secured land for their investment.

Iqbal Ahmed, a noted businessman of UK, said that the high fluctuation of Pound-Taka rates is also seen as an obstruction to investment. The government should fix the rate of pound sterling as is done in case of US dollar.

Speakers at the meeting also urged the UK and Bangladesh governments to ease immigration and visa processing system for traders in UK.

BBCC director MA Quyyum, FBCCI vice president Abul Kashem Ahmed and director MA Rouf Chowdhury were present at the meeting.