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Import increase by 12.41 percent |
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July 12, 2000
Dhaka (UNB) – Despite substantial decline in food grains import, the country’s imports have increased by 12.41 per cent in 11 months of the outgoing fiscal year (1999-2000) compared to the same period previous year. Authorized dealer banks have opened LCs worth over Tk 36,976 crore during July-May period of 1999-2000, said a press release of the Central Bank yesterday (Tuesday). Opening of LCs for food grains import declined by 77.07 per cent during the period compared to the same period of 1998-99. But, LCs opened for production-oriented intermediary goods, industrial raw materials, petroleum and petroleum products, capital machinery and other industrial machinery increased by 29.22 per cent. Textile and Fabrics was the leading sector against which LCs worth Tk 10,464.09 crore were opened. It was followed by chemical products, including raw materials of medicine (Tk 466.75 crore), fertilizer (618.87) and others (1517.23), of Tk 2602.85 crore and machinery 2150.05 crore. |