‘Skilled manpower crucial for sustainable dev’

Economic Reporter :
Haider Ahmad Khan, FCA, Chairman, Education Development Association (EDA), is varsitile genius. He is a prominent accounts scientist, economist, educationist and author. Haider Ahmad has devoted himself for social-economic development of the country.

He has authored a good number of books which earned huge popularity among the readers. One of his best creations is the ‘Satyanneshon (exploring the truth)’.

In a recent exclusive interview with The New Nation Haider Ahmad Khan expressed his firm determination to carry forward the mission of social-economic development of Bangladesh.

The eminent economist believes creating skilled human resources is the key to economic development of the country. In support of his notion, Haider Ahmed Khan referred to a Japanese business delegation’s speech during a meeting with the FBCCI in Dhaka. Khan was one of the participants of the meeting.

The Japanese business delegates had come to Bangladesh for exploring investment opportunities here.

During the meeting with FBCCI leaders, one of the Japanese businessmen said, “If it is needed to bring human resources from Japan with our money and machinery, then why we invest in Bangladesh?’ Such a statement focused the importance of developing a skilled manpower in the country,” he said.

The economist said in the present era of free market economy the private sector is supposed to provide most of the employments in a country like Bangladesh.

Meanwhile, the entrepreneurs of the private sector would definitely seek skilled human resources.

He suggested the curriculum of the country should be designed for creating a skilled working force to hasten the economic progress of the country.

Our statistics showed that about 33 lakh youths are entering work every year.

“But if we do not create skilled manpower through quality and adequate education in light of the necessity for the free market economy then what would happen to our poverty alleviation plan?” he questioned.

Haider Ahmed Khan said, several lakhs of foreigners are working in Bangladesh legally and illegally due to shortages of necessary skilled human resources in the country while crores of our native manpower are remaining unemployed.

About four crore of Bangladeshi workable youths out of seven crores are now unemployed as per published news reports.

In a report, UK’s influential magazine The Economist’s Economist Intelligence Unit (EIU) said that about 47 percent graduate of Bangladesh are now unemployed.

If we be determined to achieve the UN’s sustainable development goal (SDG) by 2030, we must have to change the current unskilled and unemployed depicts of our youths.

Keeping our vast number of youths unskilled and unemployed achieving SDG by 2030 as well desired economic development of our country would not be possible.

The nation has to make crores of our youths as skilled human resources through proper education and trainings.
Besides, Haider Ahmad Khan also focused on the chartered accountants’ role in corporate world.

He said, accountants working for corporate houses have a great role in economic development of a country.

“Accountants work in two important sections in the corporate houses, one is accounts preparations and the second is verifying accounts.

The both are very important on real advancement of the big corporations as well the financial development of a country,” Khan said.

In case of preparing accounts, the investors can the real potentials of his probable investment through the accountants’ assumptions.

Besides, in case of verifying accounts, the share holders can get the true statements about the financial status of the companies.

The prominent Chartered Accountant said the accountants are working in public companies and private corporations.

Accountability and correct and pure accounting in the both public companies and private entities are very important in bringing and keeping stability and smooth pace of economic development.

Cautious financial sum-up makes a company profitable while wrongful accounting pushes a corporation towards loss.

As a result, it is very important on correct and cautious accounting for a company’s improvement.

If any investor or entrepreneur invests amounts of money base on a wrongful accounting his business will be declining instead of desired progress.

Besides, skilled accountant could save a company from declining and can make enhancement through correct accounting, he explained.

In such way, accountants have played vital role in the country’s economic progress.

In case of stock exchange’s fake share valuations, the expert said, correct and honest accounting could save the investor from investing on wrong shares which can ensure keeping the stock market stable and vibrant.

“In such way, the accountants as well the chartered accountants are keeping the economic pace of progress speedier,” Haider Ahmad Khan said.

The expert asked youths to be CA for playing role in the economic enhancement of the country.