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Import
rose 8.32 per cent during third quarter |
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News |
May 10, 2000
Dhaka,
May 9 (UNB) – Despite a sharp fall in food import, the country’s
overall import rose 8.32 per cent during third quarter of the current
fiscal year. Foodgrain
import fell 80.22 per cent in July-March period of 1999-2000 compared to
same period of previous fiscal, Bangladesh Bank said today (Tuesday). It
said authorised dealer banks opened letters of credit (L/Cs) worth Tk
474.69 crore to import rice during first nine months (July-March) of the
current fiscal year while Tk 465.91 crore to import wheat. During
first 10 months of the previous fiscal (1998-99), the banks
opened L/Cs of Tk 4,106.16 crore to import rice while Tk 844.75
crore to import wheat. The
value of total import L/Cs opened by the banks during the period stood at
Tk 29,420.55 crore (US$5,871.19 million) showing 8.32 per cent rise
compared to the same period last fiscal. The
country’s total import went up due to 27.83 per cent rise in import of
intermediate goods, industrial raw materials, petroleum and petroleum
products, capital machinery and machinery for various industries, said a
central bank statement. Major
import items included textile fabrics and accessories (Tk 8,193 crore),
cotton and artificial fibre (Tk 1,140.09 crore), P.O.L (Tk 2,604.41 crore),
chemical products (Tk 2,130.15 crore), machinery (Tk 1,684.65 crore) and
cement (Tk 391.64 crore). The
dealer banks have also opened import L/Cs of Tk 359 crore for all sorts of
pulses, Tk 258.15 crore for milk food, Tk 887.28 crore for edible oil. Meanwhile,
import L/Cs worth Tk 13,061.52 crore remained outstanding as on March 31,
2000.
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