Regional & International Economy

Speakers at a webinar today called upon the government for taking a good number of policy measures including signing of Free Trade Agreement (FTA) and Preferential Trade Agreement (PTA) with potential countries to ensure sustainable development of the plastic sector in the post-LDC era. They also demanded of the government …

The price of US dollar has been increasing in the country, leading to a price hike in the local market amid a surge in import payments against lower exports receipts. “We sold 1 dollar at Tk 91.80 today. There is no sign that the rate will go down soon,” an …

Ruling out the possibility of having any Sri Lanka like situation in Bangladesh, Finance Minister AHM Mustafa Kamal said the country is now in a safe trajectory as there is no problem in all the major macroeconomic indicators. “Anyone can discuss the current situation in Sri Lanka. But that is …

Agriculture Minister and Awami League Presidium Member (AL) Dr Abdur Razzaque said on Thursday there is no food crisis in the country and not a single person has remained unfed. He said this while inspecting seed production field at Manikganj, Singair and Ghior Upazila. The Agriculture Minister said BNP leaders …

Bangladesh’s trade deficit escalated by 80 per cent in the first eight months of the ongoing fiscal year in the wake of a surge in import payments against lower exports receipts. Between July and February, the trade deficit, which occurs when the value of imports exceeds the value of exports, …

Bangladesh’s gross domestic product is expected to grow by 6.9 per cent in the running FY2021-22, according to an Asian Development Bank report released on Wednesday. The bank’s Asian Development Outlook 2022 said that the growth forecast reflects rebound in external trade and recovery in domestic economic activities fuelled by …

Bangladesh has outshined Pakistan in many indicators in last 50 years of its independence, including maintaining a stronger currency than that of Pakistan. A Bangladesh Taka (BDT) was equal to 2.13 Pakistani Rupees (PKR) on Monday, according to the international currency converter xe.com. In terms of the exchange rate with …

Bangladesh’s export receipts registered a 33.41% year-on-year (YoY) growth to $38.6 billion in the first nine months (July-March) of the current 2021-22 fiscal year (FY), the latest Export Promotion Bureau (EPB) data shows. The country previously roped in $28.93 billion in the same period of FY21. Meanwhile, Bangladesh also saw …

The ongoing strain on Bangladesh’s foreign exchange regime has created cash shortages in the banking sector, sending the interbank call money rate to a 19-month high yesterday. The weighted average rate in the interbank call money market, where banks borrow from each other on an overnight basis, stood at 4.65 …

The World Bank has extended a $250 million financing to Bangladesh in budgetary support after the country has moved to bring in fiscal and financial reforms to strengthen policies to sustain growth and enhance resilience to future shocks. On Friday, the Washington-based lender approved the loan, the first of a …