Thursday 18, August 2022

Decision on petroleum price hike soon: Mustafa Kamal

News Desk: Finance minister AHM Mustafa Kamal has said that a decision on raising the petroleum prices would come soon.

‘You will get informed whenever the decision is made,’ he told reporters while virtually briefing on the outcomes of the two consecutive meetings of the Cabinet Committee on Economic Affairs and the Cabinet Committee on Government Purchase on Wednesday.

He said that the government always tries to bear the load when price of any product goes up in the international market.

‘But when the cost goes up excessively, the government shares the load with people,’ he said.

He, however, did not respond to an information that the Bangladesh Petroleum Corporation has made a profit of about Tk 50,000 crore since 2015.

Mustafa Kamal said that the government’s view was to give lesser pain to people.

Responding to another question, he said that the country’s stock market would see the impacts of the steps announced in the recently unveiled national budget for 2022-23.

The budget implementation will begin from the next month and then you will see the impacts, he said, adding, there are many things in the budget for the stock market.

He claimed that the country’s economy was in better position compared to the economies of other countries.

The finance minister admitted that a good amount of foreign exchange was being outflowed from the country due to employment of a huge number of foreign nationals in Bangladesh. But the accurate figure of the remittance-outflow is held by the departments concerned, he said.

Many of our garment industries have to employ foreign nationals to promote their export. ‘This is a vis-versa. But despite that our remittance inflow will continue to grow’.

Kamal again defended the government’s recent amnesty for the money laundereders and black money whitening steps saying that money becomes black due to the flawed system of the government.

Due to the flaws in the government system, people get the change to evade taxes, he added.


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