Karachi, 09 May 2024:

Bangladesh Deputy High Commission in Karachi arranges “Investment Opportunities in Bangladesh: A Briefing Session” at the Chancery on 09 May 2024.

Some businesspersons, investor and entrepreneurs participated at the briefing session on the “Investment Opportunities in Bangladesh”. In his statement, the Deputy High Commissioner S. M. Mahbubul Alam briefed on the ‘Vision 2021’, ‘Vision 2031’ and “Vision 2041” of Bangladesh. He added that Bangladesh has been striving to become a higher middle-income country by 2031 and developed country and Smart Bangladesh by 2041.

Deputy High Commissioner highlighted the success stories of socio-economic progress in Bangladesh and mentioned that Bangladesh has become a ‘Role Model’ of socio-economic development in the world. He added that the per capita income of Bangladesh is currently US2824 and Bangladesh is currently among the five fastest growing economies in the world, ranking 35^th in terms of GDP. Bangladesh is currently a 100% electricity coverage country.

Deputy High Commissioner mentioned that Bangladesh has been working to establish 100 Specialized Economic Zones (SEZ) across the country. He briefed on the business and foreign investment friendly policies in Bangladesh. He mentioned that to facilitate and encourage investment, the Government of Bangladesh provides various fiscal and non-fiscal incentives and facilities including exemptions or reduction of corporate income taxes, reduced import taxes on capital machinery and raw materials, reduced VAT, provision of export subsidies and various banking facilities and privileges. He also mentioned the matters related to equal treatment of both local and foreign investment, no restriction on issuing of work permits for foreign nationals and employees to projects, provision of transfer of shares held by foreign shareholders to local investors, repatriation of invested capital, profit and dividend, and full repatriation of capital invested from foreign sources. He also mentioned that there are facilities such as 100% FDI, Joint Venture, Partnerships, PPPs, Non-equity mode, and foreign lending. And 100% FDI or Joint Venture FDIs are allowed to participate in primary and secondary stock markets. He also added that foreign investors are allowed to have access to local banks for working capital requirements.

The participants highly appreciated the development journey of Bangladesh in the recent years. They also expressed their interests to explore business and investment potential between the two countries and to avail the opportunities of investments in Bangladesh for the mutual benefits of the two countries.