Dhaka: The interim government of Bangladesh anticipates a reduction in the inflation rate to 7.5 percent by July, as the country’s economy shows signs of recovery, Chief Adviser’s Press Secretary Shafiqul Alam announced today. He provided these insights during a press briefing at the Foreign Service Academy.
According to Bangladesh Sangbad Sangstha, the press secretary conveyed that a meeting titled ‘Bangladesh economy: recent challenges and future way forward’ took place at the Chief Adviser’s Office. The meeting was chaired by Chief Adviser Professor Muhammad Yunus. Key topics such as the overall economic condition, power and energy sectors, revenue income, banking sector, and foreign trade were discussed during the session.
Shafiqul Alam noted that meeting participants highlighted positive indicators of economic recovery in Bangladesh, including increased import growth, job creation, and the reduction of inflation to a single digit. He expressed confidence that the inflation rate would drop to 7.5 percent by the coming July and mentioned hopes that inflation would remain stable during the upcoming Ramadan.
Addressing the land dispute involving the Korean Export Processing Zone (KEPZ), the press secretary explained that a conflict over 2,500 acres of land had previously deterred foreign investment. With the recent handover of the mutation document to KEPZ authorities on February 6, it is hoped that significant foreign investment will be drawn to the zone.
The press briefing was also attended by Chief Adviser’s Deputy Press Secretaries Abul Kalam Azad Majumder and Apurba Jahangir, along with Assistant Press Secretary Suchismita Tithi.