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PBL MD urges to increase export – import business  

1st Managers’ conference-2014 of Greater Chittagong Region of Pubali Bank Limited (PBL) was held at BGMEA Building recently. Managing Director & CEO Helal Ahmed Chowdhury has graced the conference as chief guest while Additional Managing Director M.A. Halim Chowdhury was present as special guest. Deputy Managing Director Safiul Alam Khan Chowdhury presided over the the conference. 2014 Managers Conference ChittagongIn his speech Managing Director Helal Ahmed Chowdhury stressed on select...

Debating Competition at DU Jasim Uddin Hall

AK Azad Chairman of Shahjalal Islami Bank Limited (SJIBL) and Former President of FBCCI has recently inaugurated three days long debating program “6th Polli Kabi Inter Club Debating Competition-2014” at Kabi Jasim Uddin Hall, University of Dhaka. Jashimuddin 27.04.2014Among others Pro Vice Chancellor (Edu) of DU Professor Nasrin Ahmed, Hall Provost of Kabi Jasim Uddin Hall Mr. Rahmat Ullah and President of Kabi Jasim Uddin Hall Debating Club Mr. Arafat Al Hossani were present in the inaugural Ceremony.

Govt exploring options to mobilise more foreign aid  

The government is exploring the options to mobilise greater volume of external aid, up to 3.0 per cent of Gross Domestic Product (GDP), to help meet the additional resources needed for developing infrastructure and cutting poverty, officials said Thursday. Presently, utilisation of the overseas financial support is estimated at nearly 2.0 per cent of the GDP. Development analysts, however, said it is difficult to raise the external aid inflow as the government’s development agencies have been inefficient in using loans and grants available in the pipeline. foreign... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

Bicycle export misses target  

The export of bicycle has increased by 7.12 per cent—some 4.31 per cent less than the target—during the first three quarters of the current fiscal year (FY), 2013-14. The market players said the export of bicycle did not grow as much as expected due to annulment of incentives on its export, an increase in its demand in the local market and financial meltdown in the European Union (EU) countries. Despite addition of two big players to the market --- PRAN-RFL and Sri Lankan Firefox Bicycle --- the export of the item did not increase substantially, reports the Financial Express.

Foreign exchange: Taka remains stable against dollar    

The exchange rate of Taka vis-à-vis US dollar maintained stable tone last week. The market will see the same tone next week as well. The average daily inter-bank USD/BDT transaction volume was about $25.73 million against around $50.23 million of the week before. taka Most of the banks kept their published foreign exchange rates unchanged last week. The USD/BDT selling rates for importers of major foreign and private banks was at 77.82-78.35, while USD Buying rates from exporters were at 76.82-77.35. For non-commercial payments such as Tele Graphic Transfer ...

US doesn’t give duty and quota free access: Muhith  

Finance Minister Abul Maal Abdul Muhith said the United States does not give Bangladesh duty and quota free market access though many countries are providing such facilities. “The United States is the single largest market for Bangladesh readymade garments and we pay the highest duty on RMG and it is US$ 800 million for the export of US$ 3.5 billion worth products . . . it is an unusual issue. . . the richest country in the world is extracting this kind of money from the poorest country,” said he. MuhithMuhith made the remarks at a press briefi...
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