Prime Minister’s Private Industry and Investment Adviser Salman F Rahman on Sunday emphasised on diversification of exports and reducing imports to stabilise the currency's depreciating trend.
He was addressing a business luncheon meeting organised by Bangladesh-Malaysia Chamber of Commerce and Industry at a hotel in Dhaka, a press release said.
Salman said the austerity measures initiated by the government and the central bank to rein in a bullish trend of imports since the beginning of the second half of last fiscal year are paying dividends as import costs have shrunk to $6 billion from over $8 billion a month.
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“It [imports] used to be $8 billion a month, which came down to $7 billion last month and $6 billion this month. I believe our issues will be resolved pretty soon."
He said the prime minister took proactive initiatives to protect the economy in pandemic times and she did the same when the dollar prices began skyrocketing.
"Alongside, Bangladesh Bank has taken initiatives to reduce imports at the right time."
Salman said, "When this government came to power we had about 4,000MW capacity in electricity but now it has become 22,000MW which reveals our potent energy situation.
“Though we now have a better situation to attract the FDI and I also admit there is room for development.”
The PM’s adviser said the policies that make the RMG a successful enterprise have to be replicated in other sectors.
