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Bangladesh needs more CAs as economy growing fastí [ Business ] 22/10/2017
Bangladesh needs more CAs as economy growing fastí
Business activities in the country are rapidly expanding with its fast growing economy creating a huge demand for quality Chartered Accountants (CAs) that needs to be addressed, says the chief of the national professional accounting body.

"The economy is doing very well. It\'s a tremendous performance.
When economy grows, businesses also get expanded. But in line with the demand, the number of CAs didn\'t increase," President of the Institute of Chartered Accountants of Bangladesh (ICAB) Adeeb Hossain Khan told UNB in an interview.

He said the overall demand has increased and the economy expanded over the past couple of years, and that is the one big reason why the country needs more quality CAs.

"To be honest, we need a lot more Chartered Accountants to play the important role they play. We aren\'t getting high quality graduates what we need for this profession," Adeeb Khan said lack of knowledge about the profession might be another reason.

About private sector investment, he said this has not grown that much as land availability still remains a problem.

"The land you\'re providing might not be convenient for the business I want. I don\'t get land where I want. When I get one its ownership is often disputed," he said laying emphasis on serious structural reforms on land issue.

He said though the government has taken various initiatives on infrastructural front, there are still some constraints.

Adeeb Khan said Bangladesh is still producing low-end products but it needs to move ahead for high-value products. "We don\'t have skilled manpower at manufacture and managerial levels. We\'ve seen its consequences," he said indicating media reports on how much money is being spent on foreign employees.
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