Saturday, May 26, 2007

forex foreign exchange market

Businesses urge govt to define 'hoarding'

Country's businesses yesterday urged the government to provide them with a guideline defining the volume of stock of essentials that will be treated as hoarding.

Business leaders from across the country also promised their all-out cooperation with the government actions against the hoarders and food adulteration and sought revision of the law regarding stockpiling of essential products.

"To meet the market demand I need to maintain a reserve of 500 sacks of rice every day. But, if the joint force finds such an amount of rice at a place, they suspect it as hoarding, and the businessmen are harassed," said Shahjahan Mollah, president of Faridpur Chamber of Commerce and Industry.

There is no doubt that the joint force is working for collective interest but they should understand the reality and try to feel which actions are actually required to benefit the people, he said.