Commerce Minister Khandaker Abdul Muktadir announced that Bangladesh will reduce lending interest rates to single digits to foster an investment-friendly environment. Speaking at the inauguration of the four-day Bangladesh International Textile, Knitting and Garment Industry Expo 2026 at ICCB in Dhaka, he said industries like textiles cannot sustain with current financing rates of 13–14 percent.

He highlighted that the textile and garment sector plays a vital role in economic growth through investment and employment but faces challenges from high interest rates and energy shortages. The minister detailed that the country’s gas demand is about 4,300 MMCFD, while domestic production ranges between 1,700 and 2,300 MMCFD, leaving a daily shortfall of 1,400–1,700 MMCFD even after LNG imports. To address this, new FSRU tenders will be issued soon. He also emphasized renewable energy expansion with a plan to generate 10,000 MW of solar power.

Muktadir added that business licensing and tax processes are being simplified to attract investors, reduce harassment, and expand the tax base through digital systems rather than raising tax rates.