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Finance Minister cautioned financial institutions |
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September 20, 2000
Dhaka, Sept 19 (UNB) - Finance Minister Shah AMS Kibria today cautioned financial institutions against any sort of business aimed at deceiving the people. “Those who will found doing deceitful business will face criminal offences,” he told the launching ceremony of the Padma Life Insurance Company at Purbani Hotel. He also sounded a similar note of warning against those involved in hundi business that encourages smuggling, drug trafficking and other sorts of unofficial trades hurting the national economy. Industries Minister Tofail Ahmed was the special guest on the occasion while Bangladesh Insurance Association Chairman MA Samad, the Company’s chairman ABM Taleb Ali and managing director Mujibur Rahman also spoke. Wishing further expansion of insurance industry for betterment of individuals, families and the society, the Finance Minister highlighted the role of insurance in generating national savings and investments. Tamed inflation rate, bumper crops, growths in export, GDP and remittance altogether created a favourable environment for investment and savings in the country at present, he added. But the opposition parties are now united to trouble the environment and destroy the economy, he alleged, urging the political opponents to choose the path of election. Industries Minister Tofail Ahmed said all economic indicators are positive, marking a gradual progress of the country’s economy. He said there may be differences among political parties on political issues, but all should work together for economic growth. |