Export earnings in Bangladesh have risen in the first quarter of FY 2024-25, despite political instability and economic challenges.According to Bangladesh Bank, earnings for the period between July and September increased by $51 million, or 5.1 percent, compared to the same period last year.The central bank's balance of payments report, released on Wednesday, showed total earnings of $10.56 billion during the three months, up from $10.05 billion in FY 2023-24.However, figures from the Export Promotion Bureau, or EPB, slightly differ.The EPB earlier reported $11.37 billion in exports for the same period, up from $10.82 billion in the previous year, marking a 5 percent increase.The political instability and protests since mid-July had severely disrupted production. After the fall of the Awami League government on Aug 5, the law and order situation deteriorated, and economic conditions were referred to as 'dire'.The country's main export sector, the readymade garment industry, suffered a major setback in Dhaka's Gazipur and Savar. —bdnews24.com

Source: bd News24 November 07, 2024 21:57 UTC