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"Hartal is imposed to destroy economic stability"
February 7, 2001
Dhaka- (UNB) - Finance Minister Shah AMS Kibria yesterday said hard earned political stability should be kept in track to avert destruction of
the economic dynamism.
"Everything will be destroyed if the dynamism is obstructed... a group of people is out to create unstable situation," he said inaugurating a regional managers' conference of Bangladesh Krishi Bank (BKB) at Hotel Purbani.
Additional secretary (banking) Dr Shoaib Ahmed and BKB Managing Director Murshid Kuli Khan also addressed the function chaired by BKB chairman Dr Mirza Abdul Jalil.
Giving a positive picture of the country's economic indicators, Kibria said striking in the economic growth became a frequent event now. "Hartal is being called to destroy stability."
"It's a misery for the country that killing incidents are being supported politically through calling hartal," he said.
About economic progress, the finance minister said bumper production in agriculture was the outcome of the government’s timely measures supplemented by the role of BKB.
Revenue earning increased 11 percent in first seven months of the current fiscal compared to same period last fiscal, he told the function to explain the economic growth.
Kibria asked the bank authority to finance agro-based industries for developing new line of export. "We identified agri-sector as a growth sector," he said calling upon the bankers to contribute to diversifying products of the sector.
He advised the bank authority to engage experts and economists to bring out diversified products specially handloom products, fisheries and vegetables.
"We achieved success in producing rice and wheat in last few years," he said adding that diversified cultivation of vegetable and fisheries would be more profitable as there is an unsatisfied demand for these products.
The minister advised the bankers to follow simple rules in allocating agricultural loans that would reduce corruption. He called upon the bankers to refrain from corrupt practices to uphold the fame they earned in last few years.
He also advised them to consider providing loans to the sharecroppers.
Bangladesh Krishi Bank disbursed loans of Tk 946 crore in first seven months of the current fiscal, which is 61 per cent of the target of Tk 1,539 crore. The disbursement is Tk 158 crore more than the same period of last fiscal, BKB sources said.
Meanwhile, the bank realised outstanding loans of Tk 915 crore during July-January period of the current fiscal, which is 65 per cent of the recovery target of Tk 1,400 crore. The recovery also increased by Tk 84 crore from last fiscal's recovery.
The bank earned a provisional profit of Tk 32 crore during first six months of the current fiscal. It mobilised deposits of Tk 405 crore so far against the year’s target of Tk 450 crore.