B Mirror Report : Analysts and authorities alike accentuated the acute need for accelerated action in policy reforms, institutional improvement, and ethical engagement across both public and private sectors to bolster a better business environment ahead of Bangladesh’s LDC graduation.

The observations arose at a discussion titled “Business Climate in Bangladesh: Issues and Challenges of Ethical Practice” held at the FBCCI office in Dhaka, according to a press release. The program was prominently partnered by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the International Business Forum of Bangladesh (IBFB).

Presenting the keynote, Dr. Khondaker Golam Moazzem, Research Director of the Centre for Policy Dialogue (CPD), cautioned that costly, cumbersome, and convoluted business processes must be re-engineered to reduce red tape, refine regulation, and reinforce efficiency across government agencies. He highlighted the hurdles in licensing, registration, renewals, and customs, and called for clear codes of conduct among officials to cultivate credible and consistent service delivery.

Guest of honour Mohammad Khaled Rahim, Secretary of the Anti-Corruption Commission (ACC), confirmed complicated procedures but clarified that convenient, corrective changes remain feasible. He encouraged entrepreneurs to communicate complaints regarding harassment or hindrance during service provision.

Foreign Secretary Dr. Md Nazrul Islam noted that while institutional reform is inherently intricate, the interim government has initiated important improvements. He emphasized that behavioural betterment among all stakeholders is now business-critical.

FBCCI Administrator Md Abdur Rahim Khan, presiding over the meeting, motivated members to maintain moral management, make fair margins, and manifest societal mindfulness while opposing corruption. He assured that private-sector proposals to promote a progressive, practical, and pro-investment climate would be formally forwarded to the government.

IBFB President Lutfunnisa Saudia Khan welcomed attendees, stressing that ethical enterprise ensures equitable expansion, environmental endurance, and enhanced external esteem for Bangladesh. She noted that laws alone are limited, and that linking leadership, dialogue, and shared duty is essential.

During the open discussion, business leaders underscored the urgency of upgrading digitalization, automating activities, and adopting a Single Window system to guarantee transparency and accountability.

IBFB Director M.S. Siddiqui highlighted that some statutes still stifle streamlined systems, discouraging investment and innovation.

The meeting witnessed former FBCCI directors, general body members, FBCCI Secretary General Md. Alamgir, and other officials and officers from diverse chambers and associations.