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Export earnings, the largest source of foreign currencies for Bangladesh, slowed in May reflecting the fall in demand in western economies reeling from the crisis caused by higher inflation, the Russian–Ukraine war and supply chain bottlenecks.
PAYAKT OVERSEAS is known as one of the leading exporter -importer of India. Known for its quality products with eco-friendly packing as per international
Home textile now second biggest export earner. Exporters fetched $1.3 billion from shipping home textiles in the July-April period of the current fiscal year, posting 39 per cent year-on-year growth.
At the beginning of 2022, Bangladesh's economy seemed to be on course to grow at a faster clip buoyed by plummeting coronavirus infections, rebound in economic activities and the reopening of global economies.
The government finally raised its guard against the dwindling dollar reserves, putting its employees' foreign tours on hold and deferring projects that require much imports.