Dhaka, Dec. 7 -- The frustration and anxiety expressed by the country's top businessmen at a recent investment dialogue held in the capital is a major warning sign for the country's economy.
Trade and commerce are at a standstill today due to high interest rates, unbearable tax, energy crisis and bureaucratic complications. Needless to say, there is no room for ignoring their concerns.
The interim government's policymakers now need to take visible steps to overcome the crisis, not just assurances. In this regard, businessmen have suggested several steps to be taken.
For example, rational reform of the tax system; where businessmen have defined 'tax terror' as the unreasonable pressure of advance income tax and tax at source.
This policy...