Businesses in Bangladesh have expressed deep concern as activists from the country’s leading political parties engaged in clashes in the capital recently.
Reports maintained this, adding to the turmoil, major opposition parties declared a daylong strike on Sunday (29th October), while the ruling party announced peace rallies across the country for the same day.
These clashes erupted against the backdrop of a severe economic crisis facing the country, including a depletion of foreign currency reserves even as exporters are grappling with a crisis of work orders, and readymade garment workers are staging demonstrations, demanding a monthly wage of Taka 23,000, a significant increase from the current Taka 8,000.
In light of this challenging situation, the President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Mahbubul Alam, has emphasised the importance of establishing a stable and conducive political environment to promote business and commerce.
Meanwhile, Faruque Hassan, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), reportedly emphasized the importance of both political parties exercising their political rights peacefully even as he reportedly urged them to come to the negotiating table to protect the country and its economy, emphasizing that clashes and bloodshed are not the solution.
