Dhaka, June 14 -- Foreign Investors' Chamber of Commerce and Industry's (FICCI) on Friday said the GDP growth target of 8.2 percent is achievable provided that GDP-investment ratio increase to the expected level of 32 percent.

In a post-budget reaction, it said well-structured and transparent companies will require sufficient time to accommodate the provision of new VAT and SD Act, 2012 and Rules, 2016 in their business process.

Therefore, the Chamber said, it strongly recommends allowing at least six months for implementation of the same which has not been considered in the proposed Finance Bill, 2019.

The Chamber proposed reducing corporate tax rate to increase investment in the economy but this has not been considered in the propose...