United Commercial Bank (UCB)

Dhaka, Sunday

05 February 2023

Business Insider Bangladesh

Steps taken to keep market stable during Ramadan: Tipu Munshi

UNB || BusinessInsider

Published: 19:35, 22 January 2023  
Steps taken to keep market stable during Ramadan: Tipu Munshi

Commerce Minister Tipu Munshi. Photo: File

The government has taken adequate measures to ensure sufficient supply of essentials and keep the market stable during Ramadan, said Commerce Minister Tipu Munshi on Sunday.

“There will be no crisis of daily essentials and there will be no price hike during Ramadan,” he said while speaking at a programme after inaugurating the month-long Industry and Trade fair at Rangpur Cricket Garden in Rangpur city.

He also urged the people of the country to refrain from purchasing many products at a time during the month of Ramadan.

The government has taken an initiative to purchase more products at government and private levels and already many products have reached the country while some are on the way to Bangladesh and process is underway to buy more, said the minister.

If the consumers buy normal quantity of their essential products then there will be no problem, he said.

Issuing a note of warning, Tipu Munshi said stern action will be taken if traders create artificial crisis after hoarding goods and try to increase the prices of the goods during the month of Ramadan or in the other months.

A number of meetings are being held with the people engaged in import, manufacturing and wholesale traders ahead of Ramadan and it will continue as the government is providing all-out support to the business people as per their demands, said the minister.