Chief Adviser Fakhruddin Ahmed presides over the sixth meeting of Bangladesh Better Business Forum at his office yesterday. Photo: PID

Chief Adviser Fakhruddin Ahmed yesterday called for strengthening Bangladesh Better Business Forum (BBBF) by bringing it under a permanent administrative structure to continue the success it had achieved.

“To retain its earned success trend it is necessary to strengthen the BBBF by bringing it under a permanent administrative structure,” Fakhruddin said at the 6th meeting of BBBF held at the Chief Adviser's Office.

Presiding over the meeting, the chief adviser said BBBF was established on November 25, 2007 with the joint participation of the government and private sectors creating a new and effective trend for smooth investment and trade.

The meeting approved a proposal for incorporating a separate secretariat for the BBBF under the organisational structure of the Board of Investment. It was also decided to form an executive committee to bring dynamism in policy formulation and implementation of the BBBF in future.

Five working committees of BBBF have so far formulated 290 recommendations (new 42) and from those 209 were approved by the BBBF. Among the approved recommendations, 94 have already been implemented and the rest are at the implementation stage.

The implemented recommendations include simplifying the export-import forms, rationalising the L/C charges of local and foreign banks, creating endowment fund for the agricultural sector, modernising power generating stations and strengthening the BBBF secretariat.

Among others, CA's special assistants Mahbub Jamil and M Tamim were present at the meeting.