bank loan
Weak supply chains keep essential commodities' prices high: Commerce Advisor
Commerce Adviser Sheikh Bashir Uddin said weak supply chains are keeping essential commodity prices high, but measures are underway to enhance supply.
Legal reforms are essential to offset banking sector catastrophes
The private research institution, the Center for Policy Dialogue (CPD), has highlighted the dire situation of the banking sector in its latest research report. According to the report, over the past 15 years, widespread embezzlement has taken place in the country's banking sector, pushing it into a state of severe risk. Of the 60 banks operating in the country, at least 29 are struggling to function properly for various reasons. Among them, at least 10 banks are on the verge of bankruptcy. What was once a symbol of public trust, the banking sector, has now become a breeding ground for corruption.
Cases pile at Money Loan Court
The number of settlements in the Money Loan Court, the last resort for recovery of defaulted loans, is very low, even though the number of cases is piling up day by day. Due to this reason, the efforts for the recovery of the loan moneys are progressing at a snail’s pace. On the other hand, the defaulters are going scot-free through the loopholes of legal obligations.
Political shifts occur, but market syndicates persist
It has been less than two and a half months since the interim government took charge, making it premature to conduct an in-depth analysis of its successes or failures. This government assumed responsibility amid complex challenges in both the political and economic realms. Its primary duty is to enact effective reforms in political and economic sectors to facilitate broad-based, participatory national elections that are considered credible both nationally and internationally. With this objective, the government has embarked on various reform initiatives, forming several committees to propose recommendations, which are expected within the next three months.
Find out reasons contributing to falling stock prices
In developed countries, entrepreneurs typically rely on the capital market to meet long-term capital needs. However, the capital market in our country is struggling to develop properly. For various reasons, both entrepreneurs and investors are not very enthusiastic about raising capital through the capital market. Instead, they tend to seek their desired capital from the banking sector. Yet, the capital market is the most suitable place for long-term funding.
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