The increase in dollar prices will not be affecting the country's imports, said Prime Minister's Private Industry and Investment Adviser Salman F Rahman.
"Despite the increase in dollar price, there will be no impact on imports in the country. But there will be a huge impact on exports. As a result, remittance income and export-oriented industries will benefit," he said in a briefing with reporters after the opening ceremony of the US Trade Show on Thursday (9 May).
"There was no other option other than to increase the price of the dollar to face the economic challenges," he added.
He said increasing the price of the dollar will reduce the pressure on the reserves.
"It was very necessary to bring inflation under control. Inflation is above 9%, which we need to reduce. At the same time, increasing the price of the dollar will not put any pressure on the country's economy. That's because the country is doing very well in the agricultural sector. We have become self-sufficient in food," Salman F Rahman said.
He said the tax net should be increased by reducing the tax rate.
"Countries around the world that have reduced tax rates and increased tax nets have seen revenue rise," he added.
"Many people are doing good business in upazilas and even in rural areas. They should also be brought under tax," he further said.
