Dhaka, Feb. 23 -- High bank lending rates, unstable law and order marked by extortion, energy uncertainty and lack of coordination in revenue management are proving 'suicidal' for the economy, President of the Dhaka Chamber of Commerce & Industry (DCCI) Taskeen Ahmed said on Monday.

Taskeen made the remarks at a press conference titled 'Expectations from the New Government to Address the Current Economic Situation' held at the DCCI auditorium in the city.

He said the unchanged policy rate has forced businesses to borrow from banks at 16-17 percent interest, creating mounting pressure on the private sector.

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