The Board of Investment and the Privatisation Commission under the Prime Minister’s Office are likely to emerge as a unified organisation titled Bangladesh Investment and Industries Development Authority.
Until then, normal activities of the commission including preparation or finalisation of the proposals of government or public enterprises will remain halted. The commission may start functioning again, only after the launch of the new unified organisation, officials at the commission said.
Incumbent Chairman Mollah Waheduzzaman denied making any comment, saying: “The Cabinet Division may comment on the issue as they are coordinating all the issues of the commission now.”
Cabinet Secretary M Musharraf Hossain Bhuiyan told the Dhaka Tribune yesterday that there was no legal bar on the commission to function. “It will function normally until the new proposal, Act and organogram of the new body are approved and passed.”
The PMO took the initiative and asked the Cabinet Division to prepare a draft proposal on the matter after analysing the existing laws of the two wings.
A committee led by Cabinet Division’s Additional Secretary Md Moyeen Uddin prepared the drafts, which are now pending with the PMO for approval.
Musharraf said: “We are waiting for the green signal of the Prime Minister’s Office to finalise the drafts. Those will be tabled in the cabinet.”
