DHAKA: Bangladesh exports raised 2.98 percent in first nine month of current fiscal year, beginning on July 1 last year.
According to the Export Promotion Bureau (EPB), the country earned $22.9 billion from exports during July-February period of the 2014-15 FY against $$20.31 billion in the previous corresponding period.
Exporters and economists say the return of political stability will have a positive impact on exports, though the growth rate may still miss the 5 percent goal.
EPB Vice-Chairman Subhasis Basu said Bangladesh clocked 7.43 percent export growth in March over the same month last year.He told bdnews24.com year-on-year growth was 5.15 percent in February.
The growth was 2.43 percent in July-February and 2.06 in July-January periods.
“These statistics prove that the trend of our export growth has persisted despite so many deterrents,” Basu said.
Apparel exporters’s forum BGMEA President Atiqul Islam said: “The 10 percent growth target set for woven garments would have been achieved had there been no unrest in the country.”
“Now it seems that the growth will be 3-4 percent,” he told bdnews24.com.
Islam, however, thinks reaching the 3-4 percent growth in the face of so many hindrances ‘is no mean feat’.
Pakistan to get $3b loan from Islamic Trade Financing Corporation
ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...
