CCCI, CMCCI demand cut in VAT rate

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A Correspondent :
Chittagong Chamber of Commerce and Industry (CCCI) and Chittagong Metropolitan Chamber of Commerce and Industry (CMCCI) have welcomed the budget for the coming fiscal and termed it as a pro-development one. President of CCCI Mahabubul Alam said, “The budget of Sheikh Hasina government is a dream towards development of the country.”
“In order to control the traffic congestion here in the port city, the government is constructing the flyovers and taking other steps in this regard,” he added. He also urged the government to make more allocation for the development of Chittagong port and reduce the rate of VAT.
He expressed his hope that the process of development of Chittagong would be accelerated following the budget. President of CMCCI Alhaj Khalilur Rahman also expressed his gratitude to the Prime Minister Sheikh Hasina and Finance Minister AMA Abdul Muhith for placing the pro-development budget.
He termed the current budget is not only a pro-development budget, but also a pro-people one. Alhaj Khalilur Rahman said, “Implementation of the current budget may help the development process in Bangladesh. We need infrastructural development in Chittagong and development of Chittagong sea port for expanding our trade.
Claiming that Chittagong needs special allocation for the development of country’s economy, he has expressed his hope that the Prime Minister Sheikh Hasina would take measures in this regard. He also has urged the government to reduce the VAT rate in order to control price hike.
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