However, the ban on grain exports from Russia and Ukraine has been lifted. But since the foreign exchange is in crisis, as a result of the increase in the rate of the Federal Reserve, the countries that work with debt or have high imports, are having difficulties from both sides.
One of them is when money is being given, more is being paid, and when money is being taken, less is being received. For this, everyone has to try their best to increase food production and it has potential.
Khandker Anwarul Islam said, secondly, skilled workers should be sent abroad instead of unskilled workers. It will be possible to work with a high salary. This opportunity should be extended following the needs of the respective countries. And in the case of a certificate of competence, the certificate of the appropriate institution should be given.
Thirdly, some guidelines have been given to increase expatriate income (remittances). Bangladesh Bank may or may not issue a circular that no separate fee is required for sending remittances. The bank that will send it will look into the matter. In some other cases, flexibility has been instructed.
The cabinet secretary said, fourthly, foreign investment should be increased. For this, it has been asked to see if the investment conditions can be made more flexible or not. This matter has already been sat a few times and work is in progress. Bangladesh Investment Development Authority (BIDA) will have several branches. For example, one does not have to go to the municipality or city corporation for the license.
Apart from this, the cabinet has also given instructions to keep the food stock in good condition at all times. In this regard, the Cabinet Secretary said that the current food stock situation is in very good condition. The private sector has been allowed to import large quantities of food.
The quantity is about 15 lakh metric tons. The National Board of Revenue (NBR) has also been directed to be flexible on certain taxes at source on food imports. NBR should negotiate and implement satisfactory provisions immediately.
