Mustafa Kamal says he is no more a businessman

Staff Correspondent | Published: 01:17, Sep 17,2020


Finance minister AHM Mustafa Kamal on Wednesday said that he was no more a businessman as he sold out all his business ventures many years ago.

‘I am now a minister,’ he said while he was asked to answer how he felt as a businessman-turned-minister with the unethical price hike of onions by the traders in the local market following export ban on the item by neighbouring India.

Mustafa Kamal was talking to reporters after meetings of the cabinet committee on economic affairs and national purchases virtually.

He, however, said that the government was considering waiving five per cent duty on import of onion, price of which shot up to Tk 120 a kilogram on Tuesday, rising by Tk 50 overnight, after the Indian government had imposed a ban on the export of the item.

Many people rushed to kitchen markets and shops to buy onions fearing a further rise in the prices as it happened in 2019.

Mustafa Kamal said that the government would apply available tools to check the price hike and address the suffering of the people.

He hoped that the traders would get the government messages.

He also commented on the Asian Development Bank’s forecast on the country’s growth in the current fiscal in the latest overview of the bank released on Tuesday.

He said that the ADB observation on the country’s slow economic recovery from the COVID-19 fallout was not bad.

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