Speakers in a discussion said that the role of Bangladesh Accreditation Board (BAB) is crucial in attaining high export target of $100 billion by 2025-26. They said this in a discussion meeting on the occasion of International Accreditation Day-2023 jointly organized by Dhaka Chamber of Commerce and Industry (DCCI) and Bangladesh Accreditation Board (BAB) at DCCI auditorium on Sunday. Also Read: NBR-private sector partnership crucial to achieve high revenue target: DCCI President Industries Minister Nurul Majid Mahmud Humayun, MP was present here as the chief guest while Industries Secretary Zakia Sultana and DCCI President Barrister Md. Sameer Sattar were present as special guests. Director General (Additional Secretary) of BAB Md. Monwarul Islam chaired the program.  Also Read: Target $100 bn export earnings by 2026: Commerce Minister Nurul Majid said that the motto of this year’s accreditation day is “Accreditation: Supporting the Future of Global Trade” which is a very timely selection. He said, “if we can maintain the quality of products and services, we can grab the international market easily. For the sake of the country and to create confidence in our products in the global competitive market, BAB is working relentlessly to create awareness.” DCCI President Barrister Md. Sameer Sattar said that in the international market Bangladesh’s total trade was $141.42 billion. Bangladesh is gradually progressing to an export oriented country from import dependent country. In the last fiscal year, Bangladesh’s export was more than $52.08 billion. And for this export accreditation is a very important tool. To show the quality of specific products, there is a need for internationally accredited certificates and these certificates play a pivotal role in boosting exports, he said. Also Read: Bangladesh’s apparel export to cross $100 bn by 2030: experts Accredited products or services can enter into any MRA “Mutual Recognition Arrangement” country easily. At present Accreditation is not an auxiliary but it is now a must for world trade. BAB has taken initiative to get the membership of International Accreditation Forum (IAF), said Monwarul Islam, DG of BAB.  

Bangladesh Association of Banks (BAB), an organization of entrepreneurs and directors of private banks, in a statement has said that there is no liquidity crisis in the banks at present. In a statement issued on Monday, BAB said that there is a negative campaign going on over liquidity crunch in the banking sector. But this is not true; liquidity in the banks is stable, it said. Chairman of BAB and Exim Bank, Nazrul Islam Majumder, signed the notification. read more: No liquidity crisis in banks: ABB There is a liquidity of Tk 1.70 lakh crore remaining in the banking sector at present, which is more than the requirement, he said. BAB issued the statement after discussing the current situation of the banking sector in a meeting.

Prime Minister Sheikh Hasina on Wednesday asked the private banks to be more sincere in providing loans at a low interest rate to small business enterprises to offset the Covid-19 fallouts.

Thirty-five commercial banks under Bangladesh Association of Banks (BAB) at a function on Wednesday provided 25,95,000 pieces of blankets to the Prime Minister’s Relief and Welfare Fund to help the poor during the upcoming winter.

More than 40 organisations, including 34 private banks, on Sunday donated Tk 165.6 crore and surgical masks to the Prime Minister’s Relief and Welfare Fund to help the poor affected by COVID-19 fallout.