Dhaka, Friday

22 September 2023

Business Insider Bangladesh

FSIBL holds conference in US on remittance flow

BI Report || BusinessInsider

Published: 18:09, 27 September 2022  
FSIBL holds conference in US on remittance flow

Photo: Courtesy

First Security Islami Bank Limited (FSIBL) has sponsored a conference on remittance in the context of Bangladesh’s economy.

The conference, titled “Legal Remittance Flow: Keeping Bangladesh Economy Stable”, was organised on the occasion of the three-day long Bangladeshi Immigrant Day and Trade Fair 2022 at the New York Marriott Marquis, US.

Dr Atiur Rahman, noted economist and former governor of Bangladesh Bank attended the conference as the chief guest.

In the speech of the chief guest, he said that a new door has been opened for Bangladeshis through this event which would help make Bangabandhu’s Sonar Bangla.

In the golden jubilee of independence, this event would play an important role in the business and cultural development of the two countries in continuation of the long 50 years of good relations between Bangladesh and the USA.

Syed Waseque Md. Ali, managing director of FSIBL delivered a speech in the conference as a special guest and key-note speaker.

He said, remittance flow through legal channels increases the country’s foreign reserves and reduces the dependency on foreign aid and contributes to the economic stability and sustainable development of Bangladesh and its contribution to the ongoing dollar crisis is undeniable.

He emphasised being trained and skilled the expatriates because they can earn more than unskilled ones.

At the same time, he discussed reducing the cost of remittances, setting up a required number of remittance centres and encouraged expatriates to pay remittances through legal channels.

Md Jasim Uddin, president of FBCCI and Dr David Nalin, co-founder of Bangladesh Information Center Washington DC 1971 attended the event as special guests.

Among others, Ziauddin Ahmed was present as convener and Bishawjit Saha was present as CEO of Bangladeshi Immigrant Day and Trade Fair 2022.

They expressed hope that this event would help increase the flow of legal remittances and achieve prosperity in the expansion of the foreign trade between the two countries and this trend of the event would continue.