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Present fiscal year sees high import

02
Feb '07
During the first half of the present financial year the import rate of Bangladesh has increased 22 percent to US $8.8 billion as compared to the same period of the previous year.

According to the statistics revealed by the Central Bank, Bangladesh, the growth of capital machinery import remained slack at about 12 percent to $820 million during the first half of the current fiscal year as against the growth of last fiscal year.

Letters of Credit (LCs) worth $1.257 billion had been opened by official dealer banks so that manufacturers can import textile fabrics and accessories for ready-made garment factories during the period.

Around $427 million worth of LCs had been opened for the import of raw cotton and synthetic fiber, while $258 million was sanctioned for yarn.


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