Finance Adviser Salehuddin Ahmed stated on Tuesday that while some banks are recovering well, others may continue to face challenges, but none of them will be shut down.
“Some banks are recovering. Islami Bank, the largest bank, is improving. However, some banks will continue to struggle. But we will not shut down any bank,” he said while speaking at a press conference at the Secretariat, organized by the Ministry of Finance.
The Finance Adviser mentioned the government’s commitment to stabilizing the banking sector despite challenges.
He also focused on fiscal management, mentioning that measures are being taken to reduce government expenditure. “Salaries and allowances for government officials will not be impacted,” he assured.
Referring to the Annual Development Programme (ADP), Dr Salehuddin Ahmed mentioned that projects deemed unnecessary or influenced by political considerations are being reviewed for possible adjustments.
The press conference was also attended by Finance Secretary Dr. Md Khairuzzaman Majumdar, Secretary of the Financial Institutions Division Nazma Mobarak, Secretary of the Economic Relations Division (ERD) Md Shahriar Kader Siddiqui, and National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan.
Bd-pratidin English/ Jisan
