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  • Foreigners took 130 million dollars in 10 months: Finance Minister

Foreigners took 130 million dollars in 10 months: Finance Minister


  • Economy
  • Business Desk
  • Published: 24 Jun 2024, 06:28 PM

Foreign nationals living in Bangladesh have taken 130.58 million US dollars from their income to their respective countries in the last 10 months, said Finance Minister Abul Hasan Mahmud Ali.

He gave this information in reply to the written question of Independent Member of Parliament Abdul Quader Azad (AK Azad) in the session of Jatiya Sangsad on Monday (June 24) chaired by Speaker Shirin Sharmin Chowdhury.

The finance minister said, 'annual income information of foreign nationals living in Bangladesh is not stored in Bangladesh Bank. From July last year to April this year, foreigners took 130.58 million US dollars from their income to their respective countries.

He said that Indian citizens are 50.60 million, China 14.56, Sri Lanka 12.71, Japan 6.89, Korea 6.21, Thailand 5.30, United Kingdom 3.59, Pakistan 3.24, United States 3.17 Malaysia. Nationals took home $2.40 million. Citizens of other countries took home 21.92 million dollars.

Finance Minister Abul Hasan Mahmud Ali said in response to a question by Farida Yasmin, Member of Parliament of Awami League's reserved seat in the National Parliament, that the process of making a list of the country's top defaulting individuals and organizations is underway.

He said, "In order to stop the loan scam of financial institutions, various preventive measures have been taken including identification of defaulting borrowers and willful defaulting borrowers following the prescribed process and taking appropriate legal measures against the said borrowers."

Abul Hasan Mahmud Ali said, "The existing law has included provisions related to defaulting borrowers and willful defaulting borrowers and accordingly the necessary instructions have been issued by Bangladesh Bank."

He said that to ensure proper utilization of the loan, financial institutions have been instructed to ensure that the disbursed loan money is not used in other sectors instead of the intended sector and that the money is used properly.

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