Dhaka, March 13 -- The Chairman of the National Board of Revenue (NBR), Md Abdur Rahman Khan, has pointed to the absence of good governance and the rule of law as the primary reasons for the relatively low Foreign Direct Investment (FDI) in Bangladesh.
Speaking at a discussion meeting on the Income Tax Law 2023: Reform and Perspective at the Revenue Building on Wednesday, Khan stated, "For FDI, Bangladesh is not comparable with its competitor countries. One of the main reasons is the absence of good governance, and we are not focusing on the issue."
He emphasised that Bangladesh's failure to offer adequate services to foreign investors and the weak enforcement of existing laws are significant deterrents for FDI.
"The rule of law is total...