Government spokesman Mobhare Matinyi said the allegations were false
Trade deficit nearly touches $10 billion
Bangladesh's trade gap has widened and the deficit now nearly stands at $10 billion.
Published : 12 August 2015, 04:53 AM
Updated : 12 August 2015, 04:57 AM
This is because Bangladesh has increased the volume of oil imports substantially, spurred as it is by dropping oil prices.
The trade deficit for 2014-15 FY ending 30 June stood at $ 9.92 billion—46 percent higher than last financial year.
Bangladesh Bank statistics released Tuesday indicates a 11.25 percent rise in imports in 2014-15 FY over the previous year with gross imports worth $ 40.64 billion.
But the country's exports rose by only 3.33 percent in 2014-15 FY over the previous year with gross exports worth $ 30.77 billion.
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