BAJUS does not want foreign investment in gold business
Dhaka: Bangladesh Jewelers Association (BAJUS) has taken a stand to discourage foreign investment as long as domestic jewelers are not able to acquire capacity. The Bajus members have taken a policy decision to draw the outline to draw the attention of the Prime Minister and the Finance Minister in this regard.
The decision was taken at the Additional General Meeting (EGM) of Bajus held on February 3, according to a press release issued by the organization on Saturday (February 8th). The meeting also decided to re-determine the price by adding VAT and wages to the price of gold. However, no information has been given about when this rule will come into force.
Bajus added that the decision to reduce the VAT rate and draw the attention of the Prime Minister and the Finance Minister to stop the violence of dishonest VAT officials was passed by voice vote in the EGM. The outline will be determined in this regard.
The meeting was attended by leaders of various district committees and central committees of Bajus. Besides, ordinary jewelers also took part in this EGM.
The price of gold in the Bangladesh market was last reset on January 13. According to the decision of the executive committee of Bajus held on January 12, gold of good quality i.e. 22 carats per gram (11.64 grams) of gold is being sold at Tk 72,006 from January 13. 21 carat gold is being sold at Tk 69,518, 18 carat gold at Tk 80,069 and traditional method of gold is being sold at Tk 50,448 per gram.