Business Report :
No banks will be shut down despite some continuing to struggle, while a few are recovering, Finance Adviser Salehuddin Ahmed said.
The adviser made these remarks on Tuesday during a press conference at the Secretariat in Dhaka.
Ahmed said Islami Bank, a large institution, is showing signs of improvement, although some banks will continue to face challenges.
He also addressed the impact on small investors in the stock market, acknowledging their losses from investments in poorly performing companies. Compensation measures are being considered, according to Ahmed.
Highlighting efforts to reduce budget expenditure, Ahmed assured that these measures would not affect government employees’ salaries and allowances. He mentioned that some projects under the Annual Development Programme are being reviewed for their necessity, as they were initiated for political reasons.
“The sun of our success has risen, and our achievements are not too bad. We will leave a footprint,” Ahmed said, reflecting on the interim government’s accomplishments.
He also said the World Bank and the Asian Development Bank have assured their cooperation, a significant success for the government.
Ahmed acknowledged the rising prices of potatoes and onions, citing multiple reasons behind the price hikes.
