No gold imported commercially in 5 yrs: Tofail

Sun Online Desk

25th June, 2015 09:30:57 printer

No gold imported commercially in 5 yrs: Tofail

Commerce Minister Tofail Ahmed on Wednesday told Parliament that no gold was imported commercially in the last five years, reports UNB.

 

"As no gold was imported commercially in the last five years, the government did not get any revenue from gold import during the period," he said replying to a starred question from Jatiya Party MP MA Hannan (Mymensingh-7).

 

Quoting the minister UNB said no business firm applied to the Bangladesh Bank seeking permission to import gold commercially in the last five years.

 

Tofail, however, said there is a scope for gold import commercially with prior-permission from the central bank as per the existing the Foreign Exchange Regulation Act 1947.

 

In reply to another starred question from Jatiya Party MP Mohammed Ellias (Cox's Bazar-1), the Commerce Minister said Bangladesh has earned foreign currency of US$ 28,144.38 million exporting its products as of May of the current fiscal year.

 

Responding to a starred question from Habibur Rahman Mollah (Dhaka-5), Tofail said the export volume was US$ 30186.62 million with 11.69 percent growth in the last fiscal year of 2013-'14, while US$ 27027.36 million with 11.22 percent growth in 2012-'13 and US$ 24301.9 million with 5.99 percent growth in 2011-'12 fiscal years.

 

Besides, the export size was US$ 22928.22 million with 41.49 percent growth in 2010-'11 fiscal and US$ 16204.65 million with 4.11 percent growth in 2009-'10, he added.

 

Answering to a question from ruling party MP Safura Begum (reserve seat-2), the Commerce Minister said Bangladesh earned foreign currency of US$ 870.86 million exporting vegetables in the last 23 fiscal years since 1991-'92.

 

Bangladesh exported vegetables worth US$ 147.55 million in the 2013-'14 fiscal year, while worth of US$ 5.46 million in 1991-'92 fiscal year, he added.

 

 


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