Dhaka, Sept. 30 -- Finance Adviser Dr Salehuddin Ahmed on Tuesday said the government is moving forward with reforms to stabilise the banking sector, rationalise subsidies in the power sector, and strengthen revenue mobilisation, while remaining cautious about growing foreign debt under the IMF programme.

Briefing reporters after a meeting at the Secretariat, the adviser said syndicates and rent-seeking practices remain a challenge in the domestic market but stressed that enforcement measures have been intensified to reduce extortion and safeguard consumers.

Dr Salehuddin, however, admitted that extortion has increased across the country since August 5 last year, saying the interim government alone cannot control the menace without poli...