Islamabad: The main border crossing between Afghanistan and Pakistan was closed on Wednesday as security forces from both countries exchanged fire, Pakistani security sources said. Local residents reported the sound of gunfire by the Torkham crossing and said people around the busy border area near the Khyber Pass had fled once the firing sarted. Security officials […]
Read MoreIndia’s central bank is nudging local banks to ask their clients to settle trade between the United Arab Emirates and India using the dirham (AED) or Indian rupee (INR) to reduce US-dollar-based transactions, five sources told Reuters. The move is part of the Reserve Bank of India’s broader aim of promoting settlement in local currencies […]
Read MoreA delegation of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) headed by President Faruque Hassan met Iraqi Trade Minister Atheer Daoud Salman Al-Ghariri at the latter’s office yesterday. Ambassador of Bangladesh to Iraq Fazlul Bari was also present at the meeting. During the meeting, they had discussions about possible ways of boosting bilateral trade and […]
Read MoreFalling export of jute and jute goods is now having an effect on jute growers as prices of the natural fibre have fallen during the current harvesting season. Cultivated as a cash crop, raw jute is fetching farmers at best Tk 2,700 per maund (around 37 kilogrammes) at local haats (market) of Faridpur, Pabna and some […]
Read MoreOne of the development projects undertaken on Chinese loans has been completed while eight others are being implemented in full swing following a prolonged hiatus for the pandemic, said relevant officials and Economic Relations Division (ERD). A memorandum of understanding titled “Strengthening investment and production capacity cooperation”, comprising 27 projects and a cost of $20 […]
Read MoreTextile and garment behemoths in Bangladesh have started ploughing their surplus wealth into new sectors in order to tap the potential in an economy that is growing at a healthy clip and consumers’ purchasing power is rising. Immensely successful garment and textile millers have expanded into sectors such as electricity generation, real estate, agriculture, dairy, […]
Read More
