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.
Economic policies January 11, 2021
This refers to the news report ‘PM greets economic team on increase of exports’ (Jan 8). In the last year of the previous government, overall imports touched the figure of $61.2 billion. Also, the trade deficit was recorded at $36.4 billion and the current account deficit at $19.2 billion. It was clearly an unsustainable position. After assuming office, the PTI government took drastic measures to compress imports to reduce the trade deficit. In 2019-20, the imports declined to $44.5 billion while the trade deficit fell to $23.1 billion. During the first half of the financial year 2020-2021, imports are again on the upward trajectory, despite very low international oil prices while growth in exports is modest. The upswing in imports and the resultant higher trade deficit has occurred due to the policy of the liberalisation of import. The month of December, especially, has seen a steep rise in imports – $5 billion – and higher trade defic
Bank credit growth remains moderate but the outlook is improving due to healthy traction in mortgage, auto and cards led by faster economic recovery, Emkay Glob
At a press conference here, Economic Minister Airlangga Hartarto said that the government on Monday started implementing stricter restrictions on community activities for two weeks, reports Xinhua news agency.Pres