Bangladesh to defer non-urgent jobs to avoid foreign exchange disaster- Finance Minister Mustafa Kamal
Bangladesh Finance Minister A H M Mustafa Kamal explained on Wednesday that the government is incredibly much cautious about overseas trade administration in look at of the prevailing global circumstance. He claimed that the entire world is experiencing an unconventional condition and the federal government does not want to make any avoidable overseas trade paying out at this level of time. Methods are currently being taken to lower the import of luxurious goods, claimed the minister.
Speaking to the media soon after the meeting of the Cupboard Committee on Governing administration Purchase (CCGP), Finance Minister Mustafa Kamal explained that the government has made the decision to hold off individuals assignments which are not necessary urgently for 6 months or additional to stay away from a disaster of international trade in the country, experiences the formal information agency BSS.
Speaking about other actions to conserve international exchange, Mustafa Kamal explained that Key Minister Sheikh Hasina has instructed that government officials will not undertake any international tour until it is urgent and essential.
He mentioned that when moments are tricky, the governing administration has to make difficult conclusions. These selections are becoming taken taking into consideration the total condition in the earth.
Bangladesh experienced a foreign exchange reserve of USD 44.08 billion greenback in April, as for every regular information launched by the Bank of Bangladesh. It has arrive down from the significant degree of USD 48 billion in August final calendar year. Even so, the international trade reserve of Bangladesh is adequate to satisfy the typical import monthly bill of 5-6 months, say the professionals.
Rajesh Jha/Dhaka/11.5.2022
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