Economy
PM urges to AL: Shun intra-party conflict to work for National Dev
Bangladesh Prime Minister Sheikh Hasina on Wednesday (19 April) asked her party members to shun intra-party conflict and work together for the development of the country and the welfare of the people.
“No grouping and intra-party rivalry shall be allowed in the area. Everyone has to work. I will give the nomination. Those who want to work in the area, must work together,” PM said.
PM Sheikh Hasina gave the instruction in a video call at the party’s joint meeting held at the political office of the Awami League President in Dhanmondi.
The Awami League president also directed the party leaders and activists to highlight the development activities of the government during the holy Eid-ul-Fitr vacation alongside looking after the beneficiaries of the government projects.
She said that various types of allowances are being provided to women, men, children and elderly persons through numerous schemes of the government.
In this connection, she asked the party men to check whether these allowances are being received directly by the beneficiaries.
According to sources at the meeting, PM Sheikh Hasina instructed the leaders and activists to stand by the helpless people on the occasion of the upcoming Eid-ul-Fitr to make the party more dynamic.
She urged all to highlight the development activities of the government ahead of the upcoming general elections.
She asked the AL members across the country to remain vigilant against arson attacks of BNP-Jamaat alongside making the people aware of such violence.
While talking to Awami League Publicity and Publication Secretary Abdus Sobhan Golap over phone, she also asked the party leaders to plant trees for developing sound environment in the country.
Apart from giving instructions, she exchanged Eid greetings with AL leaders and activists and wished everyone a safe journey.
Prior, a joint meeting was held with Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader.
AL presidium members and presidents-general secretaries of Dhaka City North and South units of AL and other allied organizations were present in the meeting.
Talking to journalist, AL Office Secretary Biplab Barua said that the PM asked all party members to raise public relations in view of the upcoming elections alongside exchanging Eid greetings.
During the eleventh month of the current fiscal year, the country’s foreign currency reserves have fallen below $19 billion for the first time. After paying off some import bills, the reserves have now stood at $18.26 billion on Sunday.
According to the International Monetary Fund (IMF), as of May 8, the total foreign currency reserves of the country were $19.82 billion.
Mohammad Mezbauul Haque, the spokesperson of Bangladesh Bank, informed that through the Asian Clearing Union (ACU), the central bank has paid off import bills totaling $1.63 billion over the past two months.
However, Bangladesh Bank maintains that after paying off the import bills, the foreign currency reserves now stand at $23.71 billion.
According to the Central Bank’s accounts, the reserves were $25.27 billion on May 8.
The Dhaka Stock Exchange (DSE) and the DSE Brokers Association (DBA) have expressed gratitude towards Prime Minister Sheikh Hasina for her directive to list government companies in the capital market, a move hailed as timely and positive.
The directive was issued during the recent meeting of the Executive Committee of the National Economic Council (Ecnec) last Thursday.
Dr. Hafiz Muhammad Hasan Babu, Chairman of DSE, described the directive as a significant step towards enhancing the dynamics of the capital market. He emphasized that besides invigorating the capital market, this move would also attract foreign investment and promote sustainable development.
Despite previous efforts, government institutions had not been listed in the stock exchange, according to a notification issued by the DSE. The Prime Minister’s directive is seen as a pivotal step towards revitalizing and expanding the economy.
Dr. Babu further remarked, “The listing of reputable companies in the capital market, as directed by the Prime Minister, will greatly benefit the country’s economy. It will also enhance investor confidence.”
Similarly, the DBA released a notification applauding the Prime Minister’s directive, terming it as positive and timely for the capital market.
Saiful Islam, President of DBA, expressed optimism about the directive’s potential to accelerate the country’s capital market and overall economy. He pledged support to relevant government departments and regulatory bodies in implementing the directive, ensuring its positive impact on the economy, including the capital market.
India has expressed interest in financing Bangladesh’s Teesta project, announced Foreign Minister Hasan Mahmud. Speaking to reporters after a meeting with Indian Foreign Secretary Vinay Mohan Kwatra, Mahmud stressed the importance of aligning the project with Bangladesh’s needs. He confirmed discussions on the Teesta issue during the meeting. Mahmud also affirmed Prime Minister Sheikh Hasina’s upcoming visit to New Delhi, indicating that the finalization of the date would depend on the formation of the new Indian government following ongoing elections.
Meanwhile, the IMF has approved a $1.15 billion staff-level loan for Bangladesh in its third tranche. Mahmud noted the ongoing elections in India and the subsequent formation of the new government as factors influencing the scheduling of PM Hasina’s visit.
When asked about the sequence of visits to India and China, Mahmud suggested Delhi’s geographical proximity to Bangladesh. Diplomatic sources suggest PM Hasina’s visit to India is planned for early July, following India’s elections.
Pre-election surveys indicate strong prospects for Indian Prime Minister Narendra Modi’s re-election. Modi previously congratulated PM Hasina on her electoral victory in January, expressing optimism about strengthening ties between the two nations.
The last bilateral engagement between the prime ministers occurred during the G-20 Leaders Summit in September 2023. Modi is expected to invite South Asian and BIMSTEC leaders to his swearing-in ceremony, fostering regional cooperation.
Addressing border killings, Mahmud emphasized the government’s commitment to ending such incidents and promoting the use of non-lethal weapons by border forces. Discussions also covered enhancing physical and people-to-people connectivity, including cooperation with India to import hydropower from Nepal and Bhutan through India. Mahmud highlighted the need to further ease visa restrictions to strengthen people-to-people relations.
