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Should we be happy with forex reserve?

Nazmul Karim

The growing foreign exchange reserve with Bangladesh Bank though strength for us but actually it is not a matter of happiness. There is uncertainty of dropping foreign direct investments that in first quarter in the current calendar year it fell over 13 per cent to US$800 million than corresponding period of the last year.Why the ...

Higher forex reserve is not a matter of satistaction

Nazmul Karim

The growing foreign exchange reserve with Bangladesh Bank though a strength for us, in other sense it is not a matter of happiness at uncertainty of current inbound remittance and export earnings. There is also another uncertainty of dropping foreign direct investments that in first quarter in the current calendar year it fell over 13 ...

Doing business in the pandemic...

Nazmul Karim

When Corona's horrific attack hit China, business friends there repeatedly warned and feared it would spread quickly to Bangladesh and to the world. Personal initiative was in the beginning. I sat with my staff in the first week of February on how to deal with the Corona disaster. Although there was no guideline on specific ...

Budget must salvage the economy, pave way for FDI

Nazmul Karim

The Tk5.68 trillion national budget for the financial year 2020-2021 (FY21) was proposed at a time when Bangladesh and rest of the world is fighting against SARS-CoV19 pandemic that has already slow downed economic activities along with peoples sufferings. Finance Minister AHM Mustafa Kamal in this challenging situation placed the budget in the parliament which ...

It is imperative to ease port congestions for smooth trade

Nazmul Karim

Since the spread of coronavirus and at its ongoing pandemic situation, trade across the world has been facing a drastic fall and causing economic activities to a halt. Bangladesh, which is not exception to this worldwide trouble, is facing a setback. Despite that few industrial units including export based companies are running business amid few ...

COVID-19 outbreak decreases economic growth

Nazmul Karim

Along with the entire world Bangladesh is also facing challenges in overcoming slowdown caused by coronavirus breakout. In the growing uncertainty of the situation the impact is already there in export, import and domestic market.Apart from foreign currency earning, slowdown can be witnessed in the major exporting sector, the garments sector, few other domestic sectors ...