BEIJING, Jan. 18 (Xinhua) China gross domestic product (GDP) exceeded the 100-trillion-yuan (15.42 trillion U.S. dollars) threshold in 2020, official data sh
Oldest independent English Daily of Dhaka - thenewnationbd.com- is not just an online edition of the paper. It is the fastest vehicle of factual news on events, processes and ideas from Bangladesh and around the globe.
Oldest independent English Daily of Dhaka - thenewnationbd.com- is not just an online edition of the paper. It is the fastest vehicle of factual news on events, processes and ideas from Bangladesh and around the globe.
Govt inherited inflation, precarious economic crisis: Hafeez Sheikh
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The ratio of country’s exports had become almost zero
ISLAMABAD (Dunya News) – Minister for Finance and Revenue Hafeez Sheikh on Monday said the incumbent government inherited inflation and precarious economic crisis and has to take tough decisions to cope with the challenges.
Speaking in the Senate, he said soon after coming into power, the country foreign reserves had dipped to $ 9 billion from $ 18 billion adding that the gap between exports and imports had also widen to $ 32-35 billion.
The ratio of country’s exports had become almost zero, he added. The minister said the past government intentionally adopted a policy not to enhance country’s exports. However, the government’s top priority was to save the country from the impending default and took result-oriented decisions, he said.
Oldest independent English Daily of Dhaka - thenewnationbd.com- is not just an online edition of the paper. It is the fastest vehicle of factual news on events, processes and ideas from Bangladesh and around the globe.