Describing the overall economic situation, Anwarul Alam Chowdhury Parvez, President of the Bangladesh Chamber of Industries (BCI), stated that demand is decreasing due to rising interest rates and inflation. He also warned that if fuel prices continue to rise, industrial production will be disrupted. He mentioned that industrial production is continuously declining, and uncertainty is persisting.

The BCI organized a press conference at its office in Tejgaon, Dhaka, today (Saturday).

During the press conference, the BCI President further remarked, "The government is following the IMF's prescriptions, which will harm the economy. Stability will not return without a democratic government. Businessmen want a democratic government. Therefore, an interim government should proceed with the electoral process as soon as possible."

Anwarul Alam Chowdhury Parvez added, "We expected that the interim government would not only carry out reforms but also take steps to ensure the economy does not suffer further, aiming for progress without affecting employment. Measures should be taken to keep production costs manageable and help reduce inflation."

He pointed out that interest rates are being raised, VAT is being increased, and the loan classification period is being reduced from 6 months to 3 months. He also expressed concern about conflicting statements from the advisor to the Governor, who assured that prices would not rise and industries would not be harmed. Such mislead ing statements are worrying industrialists, he said. If domestic entrepreneurs are afraid to invest, how will foreign investment come into the country?