Bangladesh foreign exchange reserves hit record high in January

[Bengal_Tiger]

Bangladesh foreign exchange reserves hit record high in January

By Reuters | 3 Feb, 2014, 10.12AM IST

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DHAKA: Bangladesh's foreign exchange reserves rose to a record $18.12 billion at the end of January from $18.07 billion a month earlier, the central bank said on Monday.

The higher reserves, which stem from a widening current-account surplus, are enough to cover six months of imports. At the end of January 2013, reserves totalled $13.1 billion.

Rising exports and a slowing of imports have helped build the reserves despite a drop in inward remittances as number of Bangladeshis going abroad to work in the Middle East has declined.

In the first seven months of the financial year that will end in June, the central bank purchased more than $2.5 billion from local commercial banks to help keep the local currency stable. In the previous financial year, it bought $4 billion.

Bangladesh's pace of economic growth is expected to slow to less than 6 per cent in the current financial year, due to political turmoil. In the previous year, the pace was 6.2 percent.

Read more at:

http://economictimes.indiatimes.com/articleshow/29804181.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

1. Bangladesh's foreign exchange reserve has gone up by a relatively small amount in one month but is still the second highest in south Asia.


India is on $295 billion (Wiki)

Bangladesh on $18 billion.

Pakistan on $8 billion.


2. The Pakistani campaign against Bangladesh has damaged the Bangladeshi economy. Pakistan lobbies gulf Arab countries to block recruitment of Bangladeshi workers whenever the Bangladeshi electorate vote for an Awami League government.

This harms Bangladeshi families and workers looking for jobs and harms the economy.

However there are indications that the Pakistani influence on gulf Arab states to weaken Bangladesh is decreasing.


Pakistan remains a major threat to Bangladesh's prosperity and peace and apart from engaging in economic warfare against the country, sponsors radicals and terrorists and was involved in plans to try and organize a military coup in the country (Bangladesh) last year.

[Da Bannu Mazdigar]

Good for Bangladesh

[Da Bannu Mazdigar]

And Stop this Pakistanphobia.

[Bengal_Tiger]

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Please stay away from my threads. I do not read your comments or participate in your threads.

Thank you and bye.

@Everyone else.

1. Pakistan has influence over the gulf Arab states particularly Saudi Arabia and Saudi Arabia's policies towards Bangladesh have been determined by Pakistan's interests.

2. I can provide evidence for everything I have said above:

a: Pakistan lobbies for Bangladeshi workers to be banned from the gulf

b: Pakistan sponsors terrorists in Bangladesh (3 were arrested recently)

c: Pakistan was involved in trying to organize a coup in Bangladesh last year and this is what the Bangladeshi military themselves have stated essentially.

If anyone is interested in me showing evidence for any of this, please feel free to ask.
[MENTION=17351]Friends of Baloch[/MENTION] [MENTION=1068]gadoonwal[/MENTION]

[Da Bannu Mazdigar]

Please stay away from my threads. I do not read your comments or participate in your threads.

Thank you and bye.

@Everyone else.

1. Pakistan has influence over the gulf Arab states particularly Saudi Arabia and Saudi Arabia's policies towards Bangladesh have been determined by Pakistan's interests.

2. I can provide evidence for everything I have said above:

a: Pakistan lobbies for Bangladeshi workers to be banned from the gulf

b: Pakistan sponsors terrorists in Bangladesh (3 were arrested recently)

c: Pakistan was involved in trying to organize a coup in Bangladesh last year and this is what the Bangladeshi military themselves have stated essentially.

If anyone is interested in me showing evidence for any of this, please feel free to ask.
[MENTION=17351]Friends of Baloch[/MENTION] [MENTION=1068]gadoonwal[/MENTION]

Does it even matter?is this your daddy forum.I will also post in your posterior if possible

[Da Bannu Mazdigar]

Well here in UAE,Thousand of Bengali's are living.Earning and sending back money to Bangladesh.

If your so much concerend about Bengali in Gulf countries than try to build your country.because you know Most of bangladesh revenue come from foriegn remittance of which major chunk is from gulf states.

[Black Lion]

And Stop this Pakistanphobia.

Haha he is scared of our great country like many others on this forum.

[Black Lion]

Well here in UAE,Thousand of Bengali's are living.Earning and sending back money to Bangladesh.

If your so much concerend about Bengali in Gulf countries than try to build your country.because you know Most of bangladesh revenue come from foriegn remittance of which major chunk is from gulf states.

That's true but a lot of the Bengali and other laborers don't get paid half of what they should be getting and some don't even get paid at all.

[Da Bannu Mazdigar]

Haha he is scared of our great country like many others on this forum.

hahaha not really.

To get support in this forum,You just need to blindly Post against Pakistan and hate against punjabis.

in the end you get alot of support from majority of the member of this forum

He certainly does so.but unlike many,He unsuccessful :D

[Da Bannu Mazdigar]

That's true but a lot of the Bengali and other laborers don't get paid half of what they should be getting and some don't even get paid at all.

Believe it or not.But i know many of them even working whole day for just 500AED's per month.they are also not allowed to get back to bangladesh before 3 years.

Sad and concerning indeed part is Bengali Hotel.No one other than Bengali and some indian Opt for Bengali food.

Arabs are very racist toward them and Usually only ask for Pakistani/Afghan Food centres.they opt for indian aswell But never ever bengali hotel

[Bengal_Tiger]

First of all the Pakistani involvement in an attempted plan to organize a coup in Bangladesh.


1.

http://www.bbc.co.uk/news/world-asia-16627852

The above two Bangladeshi army commanders gave a public press conference, perhaps the only press conference the ultra-secretive Bangladeshi military has ever given in its 40+ history. They spoke of the attempt to organize a coup and mentioned the role of a "SAARC state".

Who do you think that was?

- Bhutan?
- The Maldives?

It was Pakistan, which is known for working with Jamaatis and other "Islamists".


2. Three arrested militants connected to Pakistan.

http://www.dawn.com/news/1081520/bangladesh-arrests-three-suspected-pakistani-militants

3. There has been a ban on Bangladeshi workers in Saudi Arabia since 2008 the very year that the Awami League came in to power in Bangladesh. What a coincidence?

Who do you think lobbied the Saudis to enact that ban?

By the way just to give you an idea of some of the hatred some Pakistanis have for Bengalis look at this:

In the following thread, there is talk of a threat of 2 million Bengalis being expelled by Saudi Arabia.

This is what a Pakistani who served in a senior position in the security services there said:

Good. The Pakistani Investors setting up shops in Bangladesh will need all the manpower they can get.

http://defence.pk/threads/saudi-arabia-returning-2-million-bangladeshi-workers.192319/

Post no.3 of the link.

This is a well-known anti-Bengali Pakistani troll who talks about "Muslim" this and that and has an avatar with Buddha.

Here is his avatar:




This anti-Bengali Pakistani nationalist is called "Pakistanisage" and if I remember correctly was a security guard in the past to senior Pakistani leaders.

On post 18, this is what a Jamati says about 2 million Bangladeshis being kicked out of Saudi, a well-known Jamaati troll called "Luffy50"

Good decision by KSA :tup:, this will teach the awami indian dalals a lesson.

Why do you think everyone in Bangladesh hates Jamaatis? Because they hate Bangladesh and are bitter and angry that it is independent. If 2 million Bangladeshis were expelled from Bangladesh than the tens of millions dependent on them would suffer. Would Pakistanis or Jamaatis care? No.

Why do you think the Pakistani parliament and Imran Khan issued a statement of support for a Jamaati leader executed in Bangladesh two months ago? Jamaati "Islami" is a Pakistani proxy.


Recent article on Bangladeshi-Saudi economic ties.

Recently there was an article by Saudi media on Bangladeshi-Saudi economic ties. It was discussed in an anti-Bangladeshi Pakistan forum "defence.pk".

http://defence.pk/threads/bangladesh-aiming-to-boost-ties-with-ksa-nazmul-islam.298000/

This is what some of the Pakistani nationalists said:

All the best Bangladesh but know this, Bsngladesh will need to establish strong relations with Pakistan first before aiming for Saudi Arabia. Unless ofcourse, Bangladesh can mass produce nukes, ready and waiting to be delivered to the Custodian of the Two Holy Masaajid.

Post #2, i.e. Bangladesh has to please Pakistan if it wants good relations with Saudi.

This is clear interference in the sovereignty of Bangladesh and our foreign policy is independent and not dictated by Pakistanis.



Then in post #5 the guy with the Buddha Avatar, Pakistanisage, says this:

KSA knows the reality about Bangladesh's Government and Sheikh Hasina and her Anti-Islamic policies. When she Hung the Islamist Leader Abdul Qadir Molla , the whole Islamic World disowned this shameless Govt.

If now RAWAMI LEAGUE leader Sheikh Hasina thinks the Islamic world will ever embrace her, she is deluding herself.

This anti-Bengali Pakistani nationalist hates the Awami League and does not want Saudi Arabia to have good ties with Bangladesh and Bangladeshis if they vote for the centre-left Awami League. He was a security guard to senior Pakistani leaders and his thoughts and hatred are indicative of what the Punjabi/Pakistani leadership and regime think in Pakistan.

He is also talking nonsense as no one in the Islamic world bar a few regimes and "Islamists" cared about Qadir Molla.

- Indonesia, 200 million Muslims doesn't care.
- Egypt 70 million Muslims doesn't care.
- Iraq
- Syria
- Morocco
- Malaysia etc

The only ones apart from Pakistan, who did were Qatar, Sudan (genocidal Arab racists), Tunisia (run by Ikhwanis) and Turkey. The Turkish lira is now collapsing and Turkey is engaged in a political civil war between Gulenists and Erdogan.

Turkey might be heading for a massive recession soon.



Erdogan v Gulen civil war in Turkey.

Then the Buddha-avatar ex-Pakistani security guy says this:

I don't know how much you know about the present Govt. of Bangladesh but they are Lowest kind of Scu*bags. This present Govt. of Bangladesh is highly Anti-Islamic govt. and the Bangladeshi Muslims hate their Govt. They are killing their Muslim leaders and I am sure KSA Govt. is well aware of the history of this present Govt. in Bangladesh.

It would be interesting to see the reaction of KSA to these advances.

Post no 7.

He is trying to incite the Saudi on the thread against the Bangladeshi government and to sabotage the development of Saudi-Bangladeshi ties.

He says that Bangladesh is killing "Muslim" leaders, these are merely Jamaati leaders, who committed war crimes and are anti-Bangladeshi (as we saw above from the "Bangladeshi" Jamaati gloating over the propsect of 2 million Bangladeshis being deported).

Why is this Pakistani nationalist who has a Buddha avatar so suddenly concerned about "Muslim" leaders in Bangladesh?

Because he is a Pakistani nationalist and like the Pakistani regime and parliament which supported Qader Mollah and declared him "shaheed e Pakistan" (martyr of Pakistan) i.e. they support Jamaat which is to Pakistan what Hizbullah is to Iran, a tool of its foreign policy.


By the way the Buddha avatar troll also makes comments later about how much he loves Bangladeshis, this is just sweet talk in reality he wants to sabotage Saudi-Bangladeshi relations whenever there is an Awami government.


The rest of the thread has nonsense from Jamaatis about Indian control over Bangladesh, the same Bangladesh that has the biggest Islamic gathering in the world alongside Hajj, numbering millions and millions of people.

So to all to Muslim brothers and sisters and to all respected non-Muslims I hope I have shed some light on the diplomatic and economic warfare that Pakistan is waging on Bangladesh.

[MENTION=1068]gadoonwal[/MENTION] [MENTION=17351]Friends of Baloch[/MENTION] [MENTION=5349]Hallo[/MENTION].



By the way the Pakistani ex-security guard to important political leaders having a Buddha avatar and then using the Muslim/Islam card to promote Pakistani interests and attack Bengali interests is typical of how Pakistanis cunningly use Islam to promote their agenda.

[Bengal_Tiger]

By the way for the interest of others, I am posting this comment from one of the anti-Bengali Pakistan trolls who wrote in the defence.pk thread where Pakistani nationalists were trying to sabotage the development of Bangladesh-Saudi relations.

On the same thread this is what he wrote in his poor English. I did not fully understand it but since it mentions Afghanistan, I thought I'd post it.

Bangladesh is a massive 150 million people nation which is more than 42 years old. It is the third largest and also a Sunni Muslim nation.

Bangladesh does not border Afghanistan or Iran neither it has a military powerful enough or willing enough to send hundreds of thousands of troops to aid Saudi Arabia in any full scale war if requested (Pakistan would do it without thinking twice).

If Bangladesh had any real value, Saudi Arabia would've courted the country way back in the 1980s. To the outside world, Bangladesh is almost like some sort of an Indian-protectorate with no independent policy, influence or any global reach.

Due to political reasons (influenced by Pakistan), Bangladesh cannot get close to Arab Sharif just like Afghanistan cannot under President Hamid Karzai (12-years and counting). However, I expect Bangladesh to get Pakistani blessings as soon as Pakistan brings Taliban back in power in Afghanistan.

Figure out what Deobandi is and what is Tablighi Jama'at and Taliban are within Deobandi, then you will understand. By the time Bangladeshis themselves understand this, they're likely to be facing an Indian military invasion.

#Post 11.


1. This guy is an idiot and a moron.

First of all Bangladesh sent troops to defend Saudi in 1991.

Bangladesh sent 6,000 troops.

http://www.desert-storm.com/War/nations.html

Whereas with heavily Shia Pakistan:

During the 1990-1991 Persian Gulf War, Pakistan sent troops to protect the Islamic holy sites in Saudi Arabia, but strains developed when some Pakistani politicians and Gen. Mirza Aslam Beg, the then-chief of staff of the Pakistani army openly expressed support for Saddam Hussein's regime in Iraq and its invasion of Kuwait

https://en.wikipedia.org/wiki/Pakistan%E2%80%93Saudi_Arabia_relations

So all this Pakistani chest-beating about defending Saudi is exaggerated, their own army leader at the time supported Saddam.


2. Bangladesh has global influence as it has the largest NGO on earth, BRAC and it also has the largest/2nd largest number of UN peacekeepers in the world.

3. Bangladesh is an independent state and there are many things it does not give India.

Bangladesh has no foreign bases including Indian - Pakistan has US bases, US drones and handed over Pakistanis to the US.

Bangladesh has never attacked a Muslim country - Pakistan has betrayed Islam and the Muslim ummah by attacking Afghanistan and Pashtuns at the orders of America. Musharraf said he had to due to American threats, this despite the "nuclear bomb" Pakistani nationalists love to boast about.

Bangladesh has taken Indian to court over maritime disputes, the case is ongoing. How can Bangladesh be a puppet of India?

http://www.dhakatribune.com/politics/2013/dec/20/bangladesh-india-maritime-boundary-hearing-ends-dispute

Bangladesh is China's second biggest buyer of Chinese arms. Bangladesh does not buy Indian arms at all.



The truth is Pakistani nationalists want Bangladesh to be a hotbed of anti-Indian sentiment and to make Bangladesh fight a proxy war against India for Pakistani interests, so Jamaatis and Pakistanis dub Bangladesh as an "Indian puppet", merely for trying to have normal relations with a nuclear state of 1 billion people.

The anti-Bangladeshi propaganda from Pakistanis and pro-Pakistani "Islamists" is extensive and very dangerous. However Alhamdulilah it is thanks to beneficial forums that we Muslims can refute lies against Muslim countries like Bangladesh and Afghanistan.

Thank you to [MENTION=2]Admin Khan[/MENTION] and others for providing us such a valuable forum.

Deera manana.

[asif86]

a: Pakistan lobbies for Bangladeshi workers to be banned from the gulf

Can you show anything which pak did to get bangladesh workers banned in the gulf.Dont go too far in your hatred of pakistan.

[asif86]

The following report says thats its only illegal migrants which face a threat of deportation from saudi and thats not just bangladeshis,it includes pakistanis,indians,somalis etc.

http://newsnextbd.com/en/saudi-arabi...lion-illegals/

Jeddah (newsnextbd.com): Riyadh has said it wants to forcibly expel as many as 2 million of the foreign workers, including hundreds of thousands of Ethiopians, Somalis, Indians, Pakistanis and Bangladeshis, says London’s top daily the ‘Financial Times’.

These communities account for around a third of the country’s 30 million population and constitute the bulk of its workforce.


Saudi Arabia is the world’s second biggest source of remittances, only behind the US, with outflows of nearly US$28 billion last year, according to estimates by the World Bank.


“Millions of dollars of Saudi flows will vanish, impacting the poorest areas of eastern Africa,” says an official at a regional development agency.


Saudi analysts expect the crackdown on illegal workers to reduce remittance flows by nearly a quarter next year, or about US$ 7 billion.


At home, the exodus of illegal workers is being seen as the Kingdom’s most radical labour market experiment yet.


With one in four young Saudi males out of work, analysts applaud Riyadh’s determination to tackle the problem, but doubt the crackdown will achieve its objective, as Saudi nationals are unlikely to apply for menial jobs.


Overseas, the deportation is causing friction between Riyadh and the East African and South Asian countries that traditionally have provided Saudi Arabia with the bulk of low-wage workers that for decades have fuelled its economy.


Ethiopia, Yemen, Somalia and several other countries are struggling to absorb the thousands of unemployed young men now returning, with development officials worrying about the impact on remittances.


But this will also impact on India, Pakistan and Bangladesh, who have send tens of thousands to work in the Kingdom.


Riyadh has defended the expulsions, saying illegal expatriates have had months to legalise their status.


The Kingdom, which shares 1,800km of porous, mountainous borders with Yemen, had for years complained that the Yemeni government was not doing enough to stop illegal immigrants, drug dealers, armed militants or members of Al-Qaeda from crossing into the Kingdom.


General Mansour Al Turki, the interior ministry’s spokesman said that last month Saudi Arabia stopped 50,000 illegal immigrants, most of them Yemenis, Ethiopians and Somalis, trying to cross the Yemeni borders into the Kingdom.

But many more succeeded.


“We are not targeting specific nationalities, we respect all people who are legal residents of the country, but we have a serious situation on the borders with Yemen,’’ he said. “If we do not give a clear sign that even if they cross the border they will be returned, we will be encouraging the smugglers in Africa to keep bringing them here.”


Since an amnesty ended in early November, hundreds of thousands of workers have been deported to their home countries, including as many as 150,000 Indians and 200,000 Yemenis.


Thousands of Ethiopians remain in 64 detention camps set up in the Kingdom, according to the foreign ministry.


Human Rights Watch, a New York-based non-governmental group, this week denounced attacks by Saudi nationals on Ethiopians.


“Saudi authorities have spent months branding foreign workers as criminals in the media, and stirring up anti-migrant sentiment to justify the labour crackdown,” said Joe Stork, deputy Middle East director at the human rights group.


The crackdown on African and Asian illegal migrants is meant to complement a government labour market reform known as nitaqat, Arabic for ‘ranges’.


Replacing the failing fixed-quota “Saudisation” system of 1994, nitaqat places a sliding scale of financial penalties and incentives on employers who fail to hire enough Saudi nationals. By draining the pool of cheap expatriate labour, the Saudi government hopes to encourage private sector employers to hire more nationals.


“The nationalisation agenda has been around for 20 years, but what’s changed is that the Arab spring has made private sector jobs for nationals a political priority,” says Steffen Hertog of the London School of Economics.

“Saudi Arabia has become a laboratory for labour market reform,” he says.


But both Saudi Arabia and its neighbours, which face similar if less pressing demographic pressures, face challenges in bringing their nationals into work, not least low skills.


Natasha Ridge, Ras Al-Khaimah-based executive director of the Sheikh Saud bin Saqr Al Qasimi Foundation for Policy Research, said: “Gulf nationalisation efforts are fundamentally challenged by low quality national education systems which, despite billions of dollars of investment, are yet to provide graduates with the appropriate skills to fill middle management roles.”


Breaking cultural taboos on female employment is another challenge, especially as Gulf women outperform men in educational attainment.


“Until employment is connected to education and experience the chance of sustainable and effective nationalisation programmes in the Gulf remain slim,” she adds.


The Bangladeshi embassy in Saudi Arabia had earlier asked all its nationals to take advantage of the government’s legalisation drive to acquire necessary documents to stay back in the Kingdom.


It was not yet clear how many have done that and how many have not and thus may face expulsion.

[Da Bannu Mazdigar]

Lol,i don't get it why the hell would we want to make Bangladesh unstable.

Bangladesh doesnt pose any threat to pakistan and neither is our neighbour.