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Economy

Trade deficit shrinks 15pc, lowest in 6 years

Bangladesh's trade deficit shrank to its lowest in six years in the financial year that ended in June, to stand at nearly $5.5 billion, down 15 percent from a year earlier, thanks to a drop in global commodities prices and steady garment exports. Imports rose 5 percent in the year to $40 billion, while exports increased 10 percent to $34 BD-Nepal tradebillion, mostly driven by stronger garment sales, central bank data showed. The $28-billion-a-year garment export industry, which had been recovering strongly ...

PBL Sylhet East, West Managers’ Confce concludes

The 2nd Managers’ Conference- 2016 of Sylhet East and West Regions of Pubali Bank Limited held recently. Md. Abdul Halim Chowdhury, Managing Director of Pubali Bank Ltd. graced the conference as Chief Guest. Mohammad Ali, Deputy Managing Director & Chief Technical Officer of the bank was present as Special Guest. General Manager of Sylhet Principal Office A. S. Sirajul Haque Chowdhury presided over the conference. In his speech Md. Abdul Halim Chowdhury emphasized on expansion of foreign remittance pubali bank

PBL officials at WIEF Confce in Jakarta

The 12th International Conference of World Islamic Economic Forum (WIEF) has recently held at Jakarta, Capital of Indonesia. This year’s theme was “Decentralizing Growth, Empoewring Future Business”. pubali bankTun Musa Hitam, WIEF Foundation Chairman and Joko Widodo, President of Indonesia formally inaugurated the Conference. Among others President of Indonesia, Prime Minister of Malaysia, President of Sri Lanka and Chairman of Islamic Development Bank and WIEF spoke at the Conference. Planning Minister A H...

G-7 adopted 3 pronged approach for economic growth

To ensure economic growth and resilience, G-7 leaders agreed to adopt a three pronged approach- the G7 Ise-Shima Economic Initiative - of fiscal, monetary and structural policies and to do more to address the global demand supply gap of infrastructure investment with emphasis on quality climate resistant infrastructure. They also warned of the economic consequences of the United Kingdom leaving the European Union, according to the editorial of the current News Bulletin of International Chamber of Commerce-Bangladesh (ICCB) released today. G7 summit 2016 which concluded on May 27 focused on the global economy, foreign policy and the migration and refugee crisis. The G7 called for a global respon...

PBL cofce of Regional, Corporate Branch Managers

The 3rd conference- 2016 of Regional and Corporate Branch Managers of Pubali Bank Limited held at bank’s head office today. Habibur Rahman, Chairman, Board of Directors of Pubali Bank Limited was present as Chief Guest. Azizur Rahman, Vice-Chairman and Syed Moazzem Hussain and Monzurur Rahman - Directors of Pubali Bank were present as Special Guests. Md. Abdul Halim Chowdhury, Managing Director of the bank presided over the conference. pubali bankDeputy Managing Directors - Md. Sayeed Ahmed FCA, Mohammad Ali...

Beximco Pharma commences export to US

Beximco Pharmaceuticals Limited ("BPL", "Beximco Pharma" or "Company"; AIM Symbol: BXP), the fast-growing manufacturer of generic pharmaceutical products and active pharmaceutical ingredients, today announces it has commenced the export of Carvedilol, a prescription drug for treating hypertension, to the US. This follows the product’s approval from the US Food and Drug Administration (“US FDA”) in November 2015 and is the first time a pharmaceutical product from Bangladesh has been launched in the US. To mark the delivery of the first consignment on 4 August 2016, and to celebrate this milestone achievement for Beximco Pharma, a brief ceremony was held in the presence of Finance
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