The country's overall import payments grew by over 23 per cent in the first quarter (Q1) of the current fiscal year (FY), mainly due to more than 100 per cent increase in oil import bill, officials said.
"The overall imports payment marked a significant growth as fuel import bill almost hit the roof in the first quarter," a senior officialof the Bangladesh Bank (BB) told the FE Saturday.
Letters of credit (LCs) against imports worth US$8.53 billion were settled during July-September period of FY'12 compared with those valued at $6.92 billion of the corresponding period of last fiscal, according to the central bank statistics.
Sector-wise comparative statement of the Opening
and Settlement of Import L/C’s during
July 2011- September 2011
http://www.thefinancialexpress-bd.com/more.php?news_id=154555&date=2011-10-30
"The overall imports payment marked a significant growth as fuel import bill almost hit the roof in the first quarter," a senior officialof the Bangladesh Bank (BB) told the FE Saturday.
Letters of credit (LCs) against imports worth US$8.53 billion were settled during July-September period of FY'12 compared with those valued at $6.92 billion of the corresponding period of last fiscal, according to the central bank statistics.
Sector-wise comparative statement of the Opening
and Settlement of Import L/C’s during
July 2011- September 2011
http://www.thefinancialexpress-bd.com/more.php?news_id=154555&date=2011-10-30
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