Officials of state-owned banks are also banned from traveling abroad

 

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The Ministry of Finance of Bangladesh government has instructed the employees of state-owned, autonomous, semi-government institutions, state-owned banks and financial institutions to stop traveling abroad. Earlier Bangladesh government ordered stop government employees and officials from traveling aboard.

To ease pressure on foreign exchange reserves, foreign tours were stopped under the revenue and development budget on 12 May 2022 without special needs. The circular, signed by The Ministry's Deputy Secretary Mohammad Shaukat Ullah, said that all foreign travel, including exposure visits, educational visits, APA, and participation in workshops or seminars, will remain suspended until a re-order is issued in the wake of the post-Corona economic recovery and the current global crisis. This order will be applicable to both the development budget and the management budget.

Earlier the Finance Minister AHM Mustafa Kamal told reporters that "From now on, the Prime Minister has made it clear that the foreign tour is no more." If the officials have to go abroad for special reasons, then go. Not otherwise. Foreign visits of government officials are being reduced. It will be reduced.

Before the Finance Minister's statement, Bangladesh Bank discouraged the import of expensive cars and everyday electronic products. At the time of opening the credit for import of these products, 75 percent of the money has to be deposited in advance. Apart from this, 50 percent payment has to be made in advance for all imports except baby food, food products, energy, medicine, agriculture, and export-oriented industries. Earlier, goods could be imported by depositing only 25 percent of money.