Meat price to be Tk400-450per kg, if imported: Tipu Munshi

Commerce Minister Tipu Munshi on Saturday categorically said that if meat is imported, the people can expect the price between Tk 400 and Tk450 per kilogram. “But, we do not have any plans to import meat, considering the interests of local farmers,” the commerce minister told a questioner after attending a

Chain’s Canton Fair to begin on October 15

The world's largest trade show 'China Import and Export Fair,' popularly known as 'Canton Fair' around the world, is going to be started from October 15 this year at Canton Fair Complex in the Guangzhou of China, a press release said on Sunday. The only Bangladeshi electronics giant Walton is going

Govt to import of 4cr eggs: Commerce Secy

In an effort to keep the prices of eggs stable, the government on Monday approved import of 4 crore eggs, said Secretary to the Commerce Ministry Tapan Kanti Ghosh. "The government will regularly monitor the market to check the price of eggs and if no improvement is seen then approval will

$300m given to import fuel for RNPP: Official

The finance division has given a compensation guarantee of $300 million to ease the complications of importing nuclear fuel for the Rooppur nuclear power plant, an official confirmed on Tuesday. The amount of compensation is determined by international law. The finance division has given this guarantee for compensation in case of

Import LC openings fall $14b in Jul-Feb’FY23

Opening letters of credit (LCs) for imports fell by around $14 billion, or 23.45% year-on-year in the first eight months of the current FY23 due to the central bank's restrictions as well as a decrease in export orders. Bangladesh Bank data showed that LCs worth $45.52 billion were opened during the

Fuel Oil Import: Dhaka urges Riyadh for deferred payment facility

Bangladesh has reiterated its request to the Kingdom of Saudi Arabia (KSA) to explore possible cooperation from the country in meeting Bangladesh's domestic energy needs.Reflecting on the current political instability in parts of Europe, Foreign Minister Dr AK Abdul Momen on Wednesday urged Saudi Ambassador to Bangladesh Essa Yousef Essa

Govt okays import of 1.8 lakh mt fertilizer

The Cabinet Committee on Government Purchase (CCGP) on Wednesday approved a number of proposals including import of a total of 180,000 metric tons (MT) of fertiliser. The committee also approved a proposal of the Bangladesh Bridge Authority to pay 65 percent of the payment in Bangladesh currency and remaining 35

Cabinet body clears plan to import sugar, fertilizer

The Cabinet Committee on Government Purchase (CCGP) on Thursday approved some 13 procurement proposals including import of sugar and fertilizer.Finance Minister AHM Mustafa Kamal presided over the virtual meeting while other members of the committee attended it.As per the proposal placed by the Commerce Ministry, its subordinate body Trading Corporation

3 reasons for country’s falling forex reserves

Despite curbing imports, Bangladesh's foreign exchange reserve fell to USD 36 billion - lowest in 28 months - due to 3 reasons, economists believe.   The reasons are: imbalance in export-import, high dependency on imported oil and gas, and decreasing trend in inward remittance flow.   The forex reserves stood at USD