Finance adviser optimistic about 7pc GDP growth
Unb, Dhaka
Finance Adviser Dr Mirza Azizul Islam is optimistic about achieving 7 percent GDP growth if private sector credit growth maintains its current pace."The present credit growth is 15.2 percent and I am optimistic to achieve the projected GDP growth for this fiscal," he said after a meeting yesterday with Bangladesh Shilpa Rin Sangstha (BSRS). The adviser said the present 15.2 percent credit growth in the private sector is more or less optimum and it is not that bad considering the over all situation. At the meeting, BSRS handed over a dividend of Tk 1 crore for fiscal 2005-06 to the finance adviser. BSRS Managing Director FRM Hafiz Ul Islam handed over the cheque to the adviser on behalf of his organisation. The adviser asked the BSRS officials to work more efficiently for disbursing and diversifying industrial loans, abandoning traditional approaches in credit management. He expressed his satisfaction over BSRS making some development in its activities, increasing contribution in industrialisation and enhancing its operational profit. The BSRS recovered Tk 32 crore loans in 2006-07 fiscal year and made a profit of Tk 17.29 crore through its overall activities. The industrial development bank has so far invested Tk 64.66 crore in the capital market, official sources said. BSRS made a profit of Tk 10.59 crore in the 2005-06 fiscal year and gave Tk 1 crore dividend to the government.
| 
