Huge food import puts pressure on forex reserves
Sunday, 27 April 2008

Thakurgaon, Apr 25: Bangladesh Bank Governor Dr Salehuddin Ahmed Friday said Bangladesh Bank is facing pressure as hard-earned foreign currency is being spent on import of huge quantity of food, reports UNB.

"There will be scarcity of rice and wheat in the world in next few years. Hence, there is no alternative to raising our domestic production," he said addressing the concluding function marking the completion of two decades of ESDO, a local NGO, at the district Shilpakala Academy.

ESDO chairman Shafiqul Islam presided over the function.

"We''ve to see that the farmers get fair price for their produce," Dr Salehuddin said, stressing the need for abolishing unnecessary middlemen who affect both the buyers and the growers.

He urged the NGOs to work collectively on agriculture, industry and education.

The Bangladesh Bank governor landed distributed ESDO''s citation to six people for their contribution to different fields.
The recipients are Fazlul Karim (social service), Subedar Ahmed Hossain Bir Protik (liberation war), Mirza Tasmimul Islam Bablu (agriculture), Syeda Jahanara (women development), Nurul Islam Khoka (sports) and Nikkon Music School (culture).

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