PKI Forum hails PM’s ‘stimulus package’ as well-thought out, substantial

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DHAKA, April 6, 2020 (BSS) – Bangladesh Public Key Infrastructure
(PKI) Forum welcomed the Prime Minister’s stimulus package of Taka 72,750
crore to mitigate the impact of coronavirus on the national economy.

‘We congratulate the government of the Prime Minister Sheik Hasina for
generously and promptly offering the ‘Stimulus Package’ in the midst
of the COVID 19 shock. It is well-thought out, deliberate and
substantial to achieve the desired objective,” said Bangladesh PKI
Forum President A K M Shamsuddoha in a press release issued on
Sunday.

He said the financial requirements of all segments of the economy are
being met and it will jump start the economic engine the moment the
lockdown is over.

“We express our strongest support and appreciation for the Government’s
efforts to address the Corona virus pandemic which is a public health crisis
that has hurt and humbled most of the developed world,” he added.

Shamsuddoha said the mobilization and engagement of Bangladesh government
under the leadership of the Prime Minister has protected the people and
brought the admiration for them in the frontline.

Unlike immediate response of instant layoffs in the United States that
led to an increase of unemployment by 6.6 million on April 1, 2020,
Bangladesh companies will be able to retain personnel on meet the
payroll, he added.

He said all businesses were faced with disrupted cash flows and there
was the serious possibility of business shutdown.

The PKI Forum president also congratulated the government for handling
the COVID-19 pandemic and keeping the workers and respective industries
alive.

“This Package will bring confidence to the overseas buyers, investors
and banking sector when they see the government buy-in into the
private sector industry support to maintain the global supply chain
intact in spite of COVID-19,” he added.