B Mirror Report: Commerce Adviser Khandker Abdul Muqtadir has said that the government will work to reduce high lending interest rates in order to create a more investment-friendly environment in the country.

He made the remarks on Wednesday while inaugurating a four-day Bangladesh International Textile, Knitting and Garment Industry Exhibition 2026 at the International Convention City Bashundhara (ICCB) in the capital.

The adviser said that borrowing at double-digit interest rates has made it increasingly difficult to sustain labor-intensive industries, including the textile sector. He added that lowering interest rates is now one of the government’s top priorities.

He also stated that the ready-made garment sector is a key driving force of the national economy, contributing significantly to employment generation. However, the sector is currently under pressure due to energy shortages and high financing costs.

To attract new investment and support business growth, he emphasized the need to ensure a more reasonable and sustainable interest rate environment.