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Live up to single-digit interest rate promise
Deshsangbad Desk
Published : Tuesday, 7 January, 2020 at 10:30 AM, Update: 11.01.2020 1:02:20 PM

Prime Minister Sheikh Hasina inaugurates 'Mujib Corner' at the BAB association office from her residence at Ganabhaban

Prime Minister Sheikh Hasina inaugurates 'Mujib Corner' at the BAB association office from her residence at Ganabhaban

Prime Minister Sheikh Hasina has urged bank owners not to go back on their promise this time as in the past to bring down the interest rate to single digit.

"I have fulfilled all of your demands one after another, but you did not keep your promise. This time, you must not break your commitment (to lower the interest rate). You will have to live up to your promise," she said.

The prime minister said this while addressing a programme at Ganabhaban in Dhaka on Monday, reports UNB.

In the program, Bangladesh Association of Banks (BAB) donated Tk225 crore to Father of the Nation Bangabandhu Sheikh Mujibur Rahman Memorial Trust to celebrate the birth centenary of Bangabandhu during the "Mujib Barsho" (Mujib Year) from March 17, 2020 to March 26, 2021.

As BAB Chairman Nazrul Islam Mazumder mentioned that the single-digit interest rate -- 6% for deposit and 9% for lending -- will be implemented from April 1 as per the deadline, she said:"I hope that it will come into effect. Or else, the investment will be hampered and it will face problems."

After a meeting with private banks' sponsors and managing directors at the BAB headquarters recently, Finance Minister AHM Mustafa Kamal said banks would have to implement the 9% interest rate from April 1 next as per Prime Minister Sheikh Hasina's instruction.

At the same time, banks will have to pay 6% interest on deposits, he said.

'2020 is very important for Bangladesh'

The prime minister said the year of 2020 is very important for Bangladesh as it will celebrate the birth centenary of the Father of the Nation during the period.

After the 1975, she mentioned, the subsequent governments wanted to erase Bangabandhu's name from history.

"But no one will ever be able to erase his name from the country's history," she said.

Hasina said Bangabandhu liberated the country after a long struggle and the government just wants to ensure that the fruits of the independence reach each and every door of the country.

"Even the most neglected people who are living in villages will enjoy the fruits of the independence. Their lifestyle will be improved and that is our aim."

She said the people of the country will always move around the world keeping their heads high as the victorious nation.

"They will not bow down to anyone…that is our aim. We will always move with our dignity."

The prime minister also said Bangladesh is not lagging behind compared to any other country of the world.

PM urges all not to be crazy for bringing foreign investments

She urged all not to be crazy for bringing foreign investments here as entrepreneurs of the country are capable enough to invest in their own country.

"We are establishing 100 economic zones. You will invest there and foreign investments will also come. Everything will happen simultaneously."

Hasina said the government wants to build the country in such a way from where it needs not to look back again.

"The unhindered advancement of Bangladesh has to be maintained. I just want that its march-forward must not collapse."

Earlier, the prime minister handed over cheques for financial assistance to an organization and 23 individuals, including ailing freedom fighters, families of a number of Awami League workers killed by BNP-Jamaat terrorists, sports organizers and three gold medal-winning national athletes.

Hasina also provided three flats to Mahfuza Khatun Shila, Mabia Aktar Shimanto, and Shakil Ahmed who secured gold medals in swimming, weightlifting and shooting respectively in the 12th SA Games.

Besides, the prime minister handed over keys of microbuses to authorities of Government Bangabandhu College at Pallabi in the capital and Nawab Siraj-Ud-Dowla Government College in Natore.


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