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"Economy is healthy: Bangladesh to break up LDC status soon" Tofail |
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July 1, 2000
Dhaka, (UNB)- It is not too long when Bangladesh shoots out of the LDC status as all development indices pose for upswing, claimed the Industries Minister.
Tofail Ahmed said the country would shortly get duty-free market access as a result of WTO Seattle talks that would boost export.
“Then social problems would be largely reduced after creating adequate job opportunities through new investment,” he said while inaugurating a deluxe supermarket in posh Gulshan area today (Friday).
Bangladesh will no longer remain pegged to the group of least developed countries as it is advancing in all sectors, the minister said. He claimed all the election commitments of their government had been fulfilled and solvency of the people in rural and urban areas increased.
“Every index of the economy is now positive. Export as well as growth of GDP, GNP is increasing. We have a scope for multidimensional investment due to abundance of gas,” he told the function.
Identifying computer as thrust sector, the government has taken up special steps in the budget to utilise huge prospects for export for the sector, the Minister said, adding that the government in almost all sectors has gained success despite having failed in resolving all problems.
As the government identified causes of many problems, it took special steps in poverty alleviation and allocation for poverty alleviation was increased in the new budget, the Minister said.
The government has taken steps to beautify Dhaka City for NAM conference to be held next year and such supermarket would add to the facelift.
Mall owner Lutfor Rahman, Rubaitul Islam, Dhaka Chamber President Aftab-ul Islam and Swiss Charge de Affaires to Bangladesh also spoke at the inauguration of the ‘Casually Classic’ shopping mall on the bank of Gulshan Lake.
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