FDI increased by 50pc in last fiscal

23 Oct 2019 11:07 AM
Image collected : fdi
Foreign Direct Investment (FDI) to the country reached $3,889 billion during the 2018-19 fiscal, which is 50.73 percent higher than that of the previous fiscal.

The information was revealed in an annual report on activities of the ministries and divisions during the 2018-19 fiscal, which was placed before the cabinet’s weekly meeting held at PMO yesterday with Prime Minister Sheikh Hasina in the chair, reports BSS 

Some $333.32 million FDI came to Bangladesh Export Processing Zones Authority (BEPZA) during the 2018-19 fiscal, while employment for 19,548 Bangladeshis was generated in the EPZs under the jurisdiction of BEPZA.

Bangladeshi expatriates sent remittance of $16.42 billion whereas 6,59,129 Bangladeshi labourers got jobs abroad during the same period, according to the report.

The meeting was apprised that a total of 318 projects were approved in 23 meetings of the Executive Committee of the National Economic Council (Ecnec), while Tk 1,66,653 crore were spent against 1,978 projects of the Annual Development Progamme (ADP), which was 94.36 percent of the allocation.

Works of 317 projects out of 345 were completed during the 2018-19 fiscal, the report said.

After the meeting, Cabinet Secretary Mohammad Shafiul Alam said, “Three agendas including the annual report have been discussed in the cabinet meeting.”

The cabinet also approved a draft of a cultural assistance agreement with Azerbaijan, he said.

The meeting was apprised about the participation of Bangladesh delegation -- led by the planning minister -- at the high-level political forum on sustainable development at the UN headquarters from July 9-18.

ONLY DIVISIONAL HEADQUARTERS TO GET CITY CORPORATION STATUS: NICAR

The National Implementation Committee for Administrative Reorganization-Reform (Nicar) yesterday decided not to approve any city corporation in the country other than divisional headquarters, reports UNB.

The decision was taken at Nicar’s 116th meeting, held with Prime Minister Sheikh Hasina in the chair at her office.

After the meeting, Cabinet Secretary Mohammad Shafiul Alam said Nicar took the decision on principle. “If there are no divisional headquarters, there will be no more city corporations.”

He said the policy will be followed in the future, and previous decisions regarding the announcement of city corporations will not be hampered due to this decision.

At yesterday’s meeting, the cabinet secretary said, Nicar conditionally approved the establishment of Faridpur City Corporation. The city corporation will be formed after the establishment of Faridpur Division.

Other than this decision, Nicar approved 14 more proposals, including the establishment of Bishwanath municipality and seven more police stations -- Darshana, Padma Bridge North and South, Vulli in Thakurgaon, Bhashan Char in Noakhali, Rangunia South and Cox’s Bazar Eadgaon.
Source: https://www.thedailystar.net

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