Country’s export earnings to rise by $70b in FY24

Commerce Minister Tipu Munshi on Monday said the country’s export earnings most hopefully will be increased to $70 billion in the next year.

The government has formulated a series of import policies aiming to strengthen the position of the country for bringing mobility in export under competitive global trade, the minister said while responding to a question tabled by treasury bench lawmaker Morshed Alam of Noakhali-2 in parliament.

To promote the export trade, Tipu Munshi said the government has encouraged the establishment of labour intensive industries. Even the national export trophy 2018-19 has been provided to encourage the exporters.

The government has given importance to the service sector including information and communication technology, consultation service, construction and tourism for expansion of the export sector.

The export trade between Bangladesh and India also has increased significantly due to the SAFTA agreement signed among the Saarc countries.

The government has developed the Export Development Fund (EDF) to $7 billion aiming to facilitate procurement of raw materials for the exporters.

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Iram Hoque

Mohd. Iramul Hoque (Iram) completed his bachelor’s degree in Industrial Engineering in 2018 from Purdue University.

He joined Deloitte Consulting LLP as a Consulting Analyst based out of New York City having previously worked in similar roles at PricewaterhouseCoopers LLP & Landis+Gyr.

Iram left consulting and returned to Bangladesh to take up the family business. Realizing the opportunity in the capital market in Bangladesh, Iram worked relentlessly to found Columbia Shares & Securities Ltd in 2021.

Md Saiful Hoque

Md. Saiful Hoque received his bachelor’s degree in Civil Engineering from Columbia University in 1986 followed by a master’s degree from Texas A&M University in 1988. Upon completion of his Graduate Degree, he joined Gulf Interstate Engineering Company in Houston, USA serving as a Project Engineer.

He returned to Bangladesh in 1992 to join Columbia Enterprise Ltd., the family business of Shipping and Freight Forwarding services. In addition, he has built flourishing businesses manufacturing Garment’s Accessories and Fast-Moving Consumer Goods.