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US investment is expected to cross $1b mark: Hasina |
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December 18, 2000
Dhaka(Bangla2000)--Prime Minister Sheikh Hasina indicated that her party might not go for any electoral coalition to counter the BNP-led four-party electoral alliance. She said her party is enough to deal with the four-party alliance single-handed. More so as the opposition lineup, she added, is now in disarray. Hasina, however, apprehended that the parties that are doubtful about their election victory might resort to various conspiracies to foil people’s franchise and urged journalists and people to remain alert about them. “ One thing I have ensured through movement, that is a political system. Now one won’t be able to capture power by making a declaration on radio. Now vote will be held, people will cast vote and government will be formed.” Giving a brief resume of her government’s successes, she claimed that her administration is the most efficient administration since 1975. Narrating success stories, Hasina said press and judiciary are enjoying maximum freedom, rural economy gets a boost through various socioeconomic, housing and micro-credit schemes, literacy rate rose to 62 percent and per-capita income to 386 dollars. On the economic front, she said the country reaped bumper crops for five consecutive seasons and attained food autarky. Lifting tax on medical equipment and computer, progress in getting quota-and duty-free access of Bangladeshi products to EU market, inflation to 2.7 percent, better performance in export and revenue earnings are the other remarkable attainments. Giving more macroeconomic data she said import of capital machinery and raw material increased reducing import of consumer items while volume of remittances went up. At this moment the food reserve is around 11 lakh metric tons. The Prime Minister said discipline had been restored in financial sector and foreign investment was going up. Only US investment shot up to 800 million dollars from paltry 20 million dollars, and it is expected to reach and cross 1000 million-dollar mark. “ After four and a half years’ rule, we could put the economy on right track and set a strong ground for economic takeoff,” she told the journalists representing foreign media. |