Dhaka, June 22 -- Bangladesh could save a significant amount of foreign exchange by making greater use of qualified local management consultants instead of routinely hiring foreign firms at substantially higher costs, leaders of the Institute of Management Consultants Bangladesh (IMCB) said on Sunday.

They also criticised what they described as a long-standing disparity in consultancy fees, arguing that foreign consultants are often paid considerably more than Bangladeshi professionals despite possessing comparable qualifications, expertise and experience.

Speaking at a "Meet the Press" programme in Dhaka ahead of the institute's Annual Convention, IMCB leaders said Bangladesh now has a growing pool of internationally competent consulta...