The Trustee Board of Business Initiative Leading Development (BUILD) led by its Chairperson Mahbubul Alam paid a courtesy call on Tofazzel Hossain Miah, Principal Secretary to the Prime Minister on Monday at the Prime Minister’s Office.
BUILD Trustee Board Member and Dhaka Chamber of Commerce and Industry President Ashraf Ahmed attended the meeting.
Principal Secretary to the Prime Minister said that we need to get out the shell of traditional method of engagement with donors and other key stakeholders and stressed on more public private engagement, capital market and foreign direct investment.
“We are proud that we have held a number of consultations with private sector players while drafting the logistics policy and successfully formulated the logistics policy which needs to be branded across the world”, he added.
Mahbubul Alam who is also the President of FBCCI said that on behalf of BUILD Trustee Board, I have the great pleasure of conveying our heartiest congratulations to the leadership of the Prime Minister’s Office for formulation of National Logistics Policy on 8th April 2024 and he underlined implementation, demonstration and coordination as the critical parts of the success of the policy.
The formulation of National Logistics Policy was the ask of private sector and we stand ready to extend support for implementation of the policy, he said.
He reiterated that the Prime Minister’s Office and BUILD maintain excellent relations marked by more extensive engagement in private sector development for the country. BUILD is formally engaged with PMO though Private Sector Development Policy Coordination Committee (PSDPCC) which is the only strategic public sector platform for private sector-related policy review, coordination, identification of investment barriers and fostering public-private cooperation.
He also requested for the date of holding next PSDPCC meeting and which will be held at the end of May 2024.
Underlining the need for reducing lead time, DCCI President Ashraf Ahmed said “we stand ready to working with you to further strengthen our private sector development agenda for the benefit of our industries”.
Appreciating the role of PMO with private sector engagement, BUILD CEO Ferdaus Ara Begum said that the government needs to rationalise the minimum income tax and request PMO of other government agencies for having more engagement following the example of logistics policy formulation.