Abdul Hai Sarker re-elected Dhaka Bank chairman

Abdul Hai Sarker has recently been re-elected as the chairman of the board of directors of Dhaka Bank Limited. His efforts and leadership have led to the establishment of the business conglomerate Purbani Group. MrSarker is the founder chairman of Dhaka Bank Limited, a former vice chairman of the Bangladesh Association of Banks (BAB) and a former director of the Federation of Bangladesh Chamber of Commerce and Industries (FBCCI). Currently, he serves as the chairman of the board of trustees of Independent University Bangladesh (IUB). The re-election of Sarker will add value to Dhaka Bank and contribute to its ongoing pursuit of excellence, according to the statement. He completed his postgraduate degree (M. Com) from the University of Dhaka in 1970.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/abdul-hai-sarker-re-elected-dhaka-bank-chairman-1687622168

EPZ planned in Patuakhali with hope for $1.5b investment

Bangladesh is gearing up to set up its ninth Export Processing Zone (EPZ) in Patuakhali with a target of fetching $1,530 million in foreign investments and boosting exports by another $1,836 million. The Bangladesh Export Processing Area Authority (Bepza) will implement the Tk1,475 crore project and has already sent the development project proposal to the Planning Commission for approval. After the approval process is done, Bepza wants to start the implementation work this year.The EPZ will create employment opportunities for 1 lakh Bangladeshis while another 2 lakh will find jobs there indirectly.

Source: https://www.tbsnews.net/economy/epz-planned-patuakhali-hope-15b-investment-655118

Banks to lend Tk260cr to tanners during Eid

Tanners will get about Tk259 crore loans from banks as capital aid to procure and preserve rawhides during the upcoming Eid-ul-Azha, the peak season for collecting skins and rawhides of sacrificial animals. According to commerce ministry sources, tannery owners have written to the ministry seeking a Tk500 crore loan facility.A total of 12 public and private banks will disburse the loans among applicants with state-owned ones lending the maximum amount.  Of the total amount, Sonali Bank will disburse Tk25 crore, Janata Bank Tk100 crore, Rupali Bank Tk35 crore, and Agrani Bank Tk80 crore. The rest will be disbursed by private banks.In the eleven months of the 2022-23 fiscal year, exports of leather products fetched $1,120 million, which is close to the target set by the government. In FY 2021-22, export earnings stood at $1,115 million.

Source: https://www.tbsnews.net/economy/banking/banks-lend-tk260cr-tanners-during-eid-654662