Dhaka, Dec 18 (V7N) — Financial Advisor Dr. Salehuddin Ahmed has acknowledged the complexity and strength of the business sector in Bangladesh, describing it as "quite difficult to break." He made these remarks while speaking to journalists following a meeting of the Advisory Council Committee on Government Procurement at the Secretariat on Wednesday afternoon.

Dr. Ahmed highlighted the challenges in ensuring a stable supply of essential commodities, particularly as most of them are imported. "Soybeans may be somewhat tolerable now. We are approving the proposal to purchase lentils as there is a need for them," he stated, adding that efforts are underway to stabilize the market ahead of Ramadan. Essential items like rice, pulses, dates, chickpeas, soybean oil, and sugar are being prioritized for availability.

He explained that while steps are being taken to expedite imports and ensure supply, reliance on foreign sources poses challenges. "We do not delay in unloading, but supply depends on external factors. Today, we have approved the import of soybeans to send a clear message to traders about ensuring availability."

When asked about allegations of inadequate market monitoring, Dr. Ahmed dismissed them, stating that the government is actively working to regulate the market. However, he noted differences in market dynamics compared to foreign countries, where collective efforts are more effective.

Addressing the issue of syndicates, Dr. Ahmed admitted that traders wield significant influence. "The traders—whether large, medium, or small—are quite strong. Those who directly import, supply, or act as agents often create complexities in the system. This makes it challenging to regulate the market effectively," he said.

The advisor emphasized the government's commitment to ensuring a stable market but acknowledged that resolving these issues would take time and sustained effort.

END/MSS/AJ