Loading...
The Financial Express

Jute exporters seek stimulus package

FE REPORT | Published: May 30, 2020 09:57:22 | Updated: June 02, 2020 10:26:16


Jute exporters seek stimulus package

Jute exporters have urged the government to bring the raw jute export sector under its fiscal stimulus package, as they have been facing severe financial crisis in the wake of Covid-19 pandemic, industry insiders said.

The Bangladesh Jute Association (BJA) has made the request in a letter to the finance ministry recently.

The exporters expressed dissatisfaction that the raw jute sector has been left out of the stimulus package announced by the government for different sectors affected by the coronavirus pandemic.

"We are extremely frustrated over non-inclusion of the sector in the stimulus package," said the raw jute exporters.

The raw jute sector has now been at the edge of ruin as the raw jute exports were suspended for five times on different occasions and the financial crisis has gripped the sector, they said.

Nonetheless, this sector fetched a huge volume of foreign currency by exporting raw jute, they added.

Presently, the exporters have been facing a financial problem largely due to the shutdown of trade and business, prompted by the covid-19 pandemic, according to the association.

An official at the finance division said, "We have received a letter from the BJA recently. We are looking into the issue."

rezamumu@gmail.com

Share if you like