Bangladesh import orders slide by 14%

Bangladesh’s imports plunged by nearly 14 per cent in the first two months of the 2012-13 fiscal year, an official said on Thursday. The drop was due to the central bank measures to maintain macroeconomic stability, Xinhua quoted an official of the Bangladesh Bank as saying. Overall import orders in July-August dropped by 13.76 per cent year-on-year to over $5.4 billion, the official said requesting anonymity. The actual import payments also dropped by 1.95 per cent year-on-year to $5.480 billion in the first two months of the 2012-13 fiscal year, the official added. From gulftoday