Recession package for affected exporters in 4 days


Commerce Minister Faruk Khan today said the government will announce a bailout package of Tk 2500-3000 crore

Finance Minister AMA Muhith & Commerce Minister Faruk Khan
Finance Minister AMA Muhith & Commerce Minister Faruk Khan

 for the businessmen affected by the global economic recession.

 “The package will cover only the businessmen who were affected by the recession,” he told reporters this noon at the Secretariat. “The businessmen involved in jute, jute products, garments and textile, frozen food and leather and who have been suffering from the current economic meltdown, will get this benefit,” he said.

 Earlier today, Finance Minister AMA Muhith said the government will announce a special financial support package for the exporters affected by the global economic crisis within four days.  After a meeting with the officials of the Association of Development Agencies in Bangladesh (Adab), Muhith told reporters that the package would cover only the exporters who were already affected or likely to be affected by the recession.

 He said the government would follow the existing rules for offering such packages. The government will give cash to the exporters.

Source: The Daily Star, Online Edition,  15 April 2009

BTMA demands 15pc cash incentive for textile sector

Textile mills owners today requested Prime Minister Sheikh Hasina to raise cash incentive for textile sector to 15 percent from five percent to face the global financial recession.

 Leaders of Bangladesh Textile Mills Association (BTMA) met the prime minister today at her office and made the demand. “We submitted our proposal of increasing cash incentive from five percent to 15 percent to rescue the textile industry from the recession,” BTMA President Abdul Hai Sarkar told reporters after the meeting.

 The BTMA leader said 10 spinning mills were already shut in the fallout of the recession. Other mills will face the similar consequences if the government does not increase the incentive, he added.

Source: The Daily Star, Online Edition, 15 April 2009

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