Unprecedented Looting Under Hasina Government, Industrial Sector Crisis Persists

During the Awami League government’s tenure, banks are suffering from a liquidity crisis due to unprecedented embezzlement in the banking sector. In the last fiscal year, imports of essential industrial machinery for sector development have declined, alongside a reduction in the rate of LC (Letter of Credit) issuance. As a result, imports of industrial machinery are expected to remain low in the coming months. Although imports of raw materials for industries have increased, most of this growth is concentrated in export-oriented industries. Imports of raw materials for non-export industries have either stagnated or declined. This information comes from several reports by the central bank and the Bangladesh Bureau of Statistics.