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The Financial Express

MCCI foresees higher export receipts, remittance inflow


MCCI foresees higher export receipts, remittance inflow

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) forecasts an upturn in export receipts, import values and inward remittance at the end of the first quarter of this fiscal.

According to its 'Review of Economic Situation in Bangladesh for April-June period of fiscal year 2020-21', Bangladesh's earnings from merchandise exports would go up to nearly $3.64 billion and $3.93 billion at the end of August and in September.

Import payments would also rise to $6.49 billion by the end of August and $6.65 billion at the end of the first quarter of this fiscal, the leading trade projected.

However, inward remittance is expected to reach $2.05 billion and $2.18 billion at the end of August and September, revealed the review.

On the other hand, the country's foreign exchange reserve might reach $48.58 billion while point-to-point inflation is likely to be 5.50 per cent at the end of the first quarter.

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