Dr. Md. Abdul Majid, Former Chairman, NBR : The government maintains very strict position to collect loans from the public. But that is seen absent when it comes to the government organizations. These organizations are not repaying the loans, neither paying taxes.
The government has repeatedly decided to bring the government institutions to the stock market, but then gave up. Because that way, the share market would become lot stable and the authorities had to come under the obligation.
From the time of the former finance minister Saifur Rahman, we have held many meetings so that government entities get enlisted to the stock market. But our efforts have gone in vein. The authorities are deliberately not listing them in the share market because that way they will not be able to get any unethical advantages.
The government entities themselves are the bigger loan defaulters. The government, instead of taking any actions, is patronizing them. Organizations such as Bangladesh Petroleum Corporation, Bangladesh Chemical and Industries Corporation are granted loan by the government itself. Then why does it not take strict position against them collecting loans back? This is because the secretaries themselves are the head of these organizations. All they care about is the wellbeing of themselves; they have no consideration regarding the organizational benefit on any scale.
Based on an interview by Ashiq Rahman, translated by Sofian Khan.