The size of Bangladesh’s economy will be $1 trillion by 2040, if the current consecutive growth of over 6 percent continues while it will be achieved by 2030 if the growth goes over 8 percent, said an official document of the planning ministry. The information has also been placed in the updated picture of the economy of Bangladesh presented by the ministry of planning in the meeting of the Executive Committee of the National Economic Council (ECNEC), on Tuesday. The document stated that the average economic growth of Bangladesh has been 6.4 percent in the last six years. Even if this growth falls below 5 percent, the economy of Bangladesh will touch the milestone of trillion dollars by 2040. Read more: Social stability now economy’s main challenge: Planning Minister  But if economic growth increases to 8 to 9 percent and internal stability is maintained, it will reach trillion dollars by 2030. The Canadian online publication Visual Capitalist on December 29 published the statistics of the International Monetary Fund (IMF) showing the size of Bangladesh's economy at $465 billion. Bangladesh was ranked 35th among major economies last year.

A relevant parliamentary committee on Wednesday recommended the National Board of Revenue (NBR) to take necessary steps for waiving import duty of sports items. The Parliamentary Standing Committee on Youth and Sports Ministry made the recommendation in its 13th meeting in order to promote sports in the country. The meeting was held with committee chairman Abdullah Al Islam Jakob at the Jatiya Sangsad Bhaban, said a handout of the parliament. Also read: Cabinet purchase body nods import of 50,000MT rice Suggestions were made to construct 178 Upazila Youth Training and Entertainment Centres in the first phase as part of the establishment of a centre in every upazila in line with the government’s electoral manifesto. It also recommended the ministry to send a development project proforma (DPP) over construction of some buildings, including an administrative building of the Directorate of Sports on the campus of Physical Education College in the city’s Mohammadpur area and academic building of the college, to the Planning Ministry. Also read: Purchase body okays 6 proposals including import of LNG, rice The parliamentary committee asked for sending a letter to the Fisheries and Livestock Ministry for handing over its land to Sheikh Hasina National Youth Development Institute for construction of its structures to implement the plans of the institute. Committee members Mahabub Ara Begum Gini (Gaibandha-2), Abdus Salam Murshedi (Khulna-4), Jewel Areng (Mymensingh-1), AM Naimur Rahman (Manikganj-1) and Zakia Tabassum attended the meeting.

Planning Minister MA Mannan on Friday said the government’s goal is to ensure good governance in Bangladesh with the assistance of the media.