DCCI flags gaps in investment, business reforms

Taskeen Ahmed, president of the Dhaka Chamber of Commerce and Industry (DCCI), acknowledged the government's intent to ensure macroeconomic stability in the proposed budget.

However, he expressed concern over the absence of clear directives for improving the investment climate, industrial competitiveness, and banking sector reforms.

In his post-budget reaction, Ahmed welcomed several positive initiatives — including efforts to curb inflation, align minimum tax provisions, expand allowable deductions, and introduce automated return systems — as steps toward fiscal modernisation.

However, he said the lack of specific policy roadmaps for expanding investment and improving the ease of doing business may limit the budget's effectiveness in creating a truly business-friendly environment.

"Despite commendable progress in tax automation and digital compliance, the increased turnover tax and aggressive revenue targets could pressure small businesses and limit liquidity in the private sector," he said.

Ahmed also warned that higher taxes on import-substitute industries and essential inputs might discourage local manufacturing and contribute to inflationary pressures.