World Economy

Bangla Export Earnings Rise

Bangla Export Earnings RiseBangla Export Earnings Rise

Bangladesh has earned $12.88 billion from exports in the first five months of the ongoing fiscal year, registering a 6.71% rise over the same period the previous financial year, Yahoo reported. The income in November also surged 13.73% from the same month last year. Export Promotion Bureau’s Vice-Chairman Shubhashish Basu and Bangladesh Knitwear Manufacturers and Exports Association president AKM Selim Osman think political stability over the last months has had a positive impact on the export. They expect the trend to continue through the remaining months of the current 2015-16 fiscal year. The figures the EPB released on Sunday show that local businesses sold goods overseas worth $12.88 billion in the July-November period against a target of $12.87 billion. In the previous fiscal, the exports had fetched $12.07 billion in those five months, which means the country earned 0.01% more than the target.