Finance Minister Amir Khosru Mahmud Chowdhury today said Bangladesh is moving towards becoming a trillion-dollar economy, driven by growing domestic and foreign investments and the government's long-term development strategy.
Investment Inflows and Strategic Initiatives
Speaking to journalists at Shah Amanat International Airport during his visit to Chattogram, the minister said the national budget has been formulated with a focus on maximizing the country's regional economic potential and attracting investment. He noted that Bangladesh is witnessing increasing inflows of investment, including foreign direct investment (FDI), capital market investment, and contributions from international fund managers.
Chattogram's Transformation
Highlighting Chattogram's strategic importance, Amir Khosru said the government has undertaken a series of initiatives to transform the port city into a regional logistics hub. With its seaport and strategic geographical location, Chattogram holds immense potential. Recognizing this, the government has incorporated a number of initiatives into its development agenda.
The minister announced the decision to establish a 600-acre free zone in Anwara across the Karnaphuli River, while several port development projects are also planned in the region. The budget includes measures to develop Chattogram into a logistics hub alongside plans to upgrade Shah Amanat International Airport into a major cargo and passenger hub.
Chinese Economic Zone and Rail Improvements
Amir Khosru also said a Chinese economic zone will be established in Chattogram and the government plans to reduce rail travel time between Dhaka and Chattogram by about two hours through the improvement of the Laksam section of the railway.
Economic Stabilization and Future Growth
Referring to the country's economy, Amir Khosru said implementing such a large budget remains a significant challenge. The current administration inherited a fragile economy from its predecessor, while the ongoing conflict in the Middle East has added further pressure. Our immediate priority is to stabilize the economy before fully utilizing our development potential, he said.
He expressed optimism that the country's economic outlook would improve in the third and fourth years of the current government's tenure, paving the way for sustained growth. Bangladesh will move towards becoming a trillion-dollar economy by fully utilizing its potential, he added.
