Coronavirus: PM warns of negative impact on economy

Dhaka, Bangladesh || Friday, 26 April 2024 || 13 Boishakh 1431

HEADLINE:

Kazi Zarzees bin Ertaza steps to 21 today Bashundhara MD honoured with ‘TRAB Smart Performance Award’ Today 20th death anniversary of Shahidur Rahman, the bright star of Judiciary President appoints Sheikh Hasina as Prime Minister First woman barrister on Board of Directors of Gulshan Club Bangladesh Army and Canadian University of Bangladesh Sign Memorandum of Understanding DNCC, Borak Real Estate sign deal, Sheraton goes into full swing

From pandemic to Padma bridge: Will the anti-Hasina brigade ever learn?

The anti-Sheikh Hasina brigade has been paid back fair

No one remembers the bravery of Badruzzamanan in '71

Badruzzaman Badrul, the expatriate son of a brave martyr

'Minar-e Kabir', the highest Islamic Monument in Jhalokati

Minar-e Kabir is a minaret located in Sugandia village

Bashundhara Group gets ‘Best Brand’ recognition

Bashundhara Group, the country’s largest business conglomerate, has been

http://www.dailyvorerpata.com/ad/72890.jpg

Coronavirus: PM warns of negative impact on economy

Peoples Time Desk

Published : Sunday, 5 April, 2020 at 1:04 PM, Count : 657

Coronavirus: PM warns of negative impact on economy

Import expenditure and export earnings fell by 5% from that in the same period of last fiscal year

Prime Minister Sheikh Hasina has warned the countrymen of the negative impacts on economy due to the outbreak of coronavirus pandemic.

In her press briefing at Ganabhaban in Dhaka on Sunday, the prime minister described the adverse effects the country's economy currently suffering from and likely to suffer in the days ahead as the deadly virus already hit hard the country's financial sectors along with global ones.

The premier said, in the current fiscal year 2019-2020, the import expenditure and the export earnings already fell by 5% from that in the same period of last fiscal year.

The reduction is likely to increase at the end of this fiscal year, she said.

Private investment may not be achieved up to expectation due to the delay of the implementation of the ongoing mega projects, establishing economic zones, and the scheme of bank interest rate reduction, the prime minister said.

Due to the coronavirus pandemic, various service sectors, particularly hotel, restaurant, transport and aviation, will be adversely affected, she said,

Besides, Bangladesh's capital market, like other countries, has already been suffering due to the pandemic, the premier added.

As of Sunday, Bangladesh has so far recorded eight deaths and 70 cases from Covid-19, a pandemic announced by the World Health Organization (WHO).

The fast spreading coronavirus, which was first reported in China's Wuhan, has claimed 64,734 lives and infected 1,202,715 people across the world till 11:30am on Sunday, according to worldometer.

As many as 246,648 people have recovered from Covid-19, a disease caused by a new strain of coronavirus, which has spread to 206 countries and territories across the planet.

« Previous