Monday, 6th February , 2017, 09:29 pm,BDST
Print Friendly

Cabinet agreed to use reserve money for large projects



Lastnewsbd, 6th February, Dhaka: In the next 10 years, the authorized capital of the fund would be raised to $10 billion, according to the decision. The finance division moved the proposal seeking the approval from the cabinet which sat for the weekly meeting at Bangladesh Secretariat with Prime Minister Sheikh Hasina in the chair. Briefing newsmen after the meeting, cabinet secretary Mohammad Shafiul Alam said the fund would be raised in the light of practice in many countries. “The government will be able to utilize the fund in any development purpose, especially in matching fund with the foreign investors,” the secretary said. He added that there would have no adverse impact on the country’s economy as $2 billion would be added to the fund from the foreign currency reserve. He told a questioner that necessary laws and rules and required structures would be framed later on.

The government has decided to float a ‘sovereign wealth fund’ to utilize the country’s foreign exchange reserve in development purpose. The cabinet on Monday approved the proposal on the fund which would begin with $2 billion.

Print Friendly
Print Friendly

Comments are closed

diamond world
exim bank
Last News BD
পেপার কর্ণার
Last News BD
islame bank
অনলাইন জরিপ
আজকের প্রশ্ন >

Will you agree with the statement of BNP general secretary Mirza Fakhrul Islam Alamgir that Government try to give big budget to cut pockets of the hostage people?

View Results

Loading ... Loading ...
আর্কাইভ
February 2017
S S M T W T F
« Jan   Mar »
 123
45678910
11121314151617
18192021222324
25262728  
মতামত
সাক্ষাৎকার
জেলার খবর
Rangpur

    রংপুরের খবর

  • Structures Rongpur power plant have been tilted
  • Northern district is not militant free: IGP
  • "We are the opposition party": Ershad
  • Another Bangladeshi killed by BSF in Kurigram
  • Police arrested 58 people from several upazilas
  • AL leader murdered in Natore
  • 123km human chain against militancy
  • Priest murder accused held in Sholakia: Police
  • 3 of a family electrocuted in Lalmonirhat
  • Truck, Covered Van collision kills 2 at Rupnagar

Will you agree with the statement of BNP general secretary Mirza Fakhrul Islam Alamgir that Government try to give big budget to cut pockets of the hostage people?

  • yes (100%, 1 Votes)
  • no (0%, 0 Votes)
  • no comment (0%, 0 Votes)

Total Voters: 1

Start Date: May 31, 2017 @ 8:43 pm
End Date: No Expiry

Do you think dialogue with president will be beneficial for political party's?

  • yes (63%, 5 Votes)
  • no (25%, 2 Votes)
  • no comment (12%, 1 Votes)

Total Voters: 8

Start Date: December 17, 2016 @ 2:00 am
End Date: No Expiry

How Is My Site?

  • Good (0%, 0 Votes)
  • Excellent (0%, 0 Votes)
  • Bad (0%, 0 Votes)
  • Can Be Improved (0%, 0 Votes)
  • No Comments (100%, 0 Votes)

Total Voters: 0

Start Date: December 17, 2016 @ 1:55 am
End Date: No Expiry