Bangladesh to Import 70,000 Tonnes of Fertilizer from Morocco

The government of Bangladesh has officially decided to import a substantial quantity of 70,000 metric tonnes of fertilizer directly from Morocco to meet domestic agricultural demands. This major international procurement initiative encompasses specific types of agricultural nutrients essential for crop production across the country, ensuring adequate supplies for local farmers through state channels.

According to the approved distribution breakdown of the total shipment, the consignment will specifically consist of 40,000 metric tonnes of Diammonium Phosphate (DAP) fertilizer alongside an additional 30,000 metric tonnes of Triple Super Phosphate (TSP) fertilizer. These vital chemical inputs are managed under the purview of relevant national agricultural authorities to support nationwide food production.

The financial outlay for this bilateral import agreement has been finalized at a total cost of 688 crore 70 lakh taka. The formal approval for this substantial expenditure was granted during a high-level administrative meeting held on Wednesday at the Secretariat in the capital.

Finance Minister Amir Khসরু Mahmud Chowdhury presided over the crucial session of the Cabinet Committee on Government Purchase, where the procurement proposal was officially tabled and reviewed before receiving final clearance. The proceedings underscored the government's ongoing management of international trade and public expenditure for agricultural sector inputs.

In a separate financial development reported on the same day in Bangladesh, significant attention has turned toward the banking sector concerning depositor funds. Depositors have formally demanded the return of 1,300 crore taka from Sammilita Islami Bank, a newly formed financial institution created through the consolidation of five separate banks.

The institutions that were previously merged to form Sammilita Islami Bank comprise Exim Bank, Social Islami Bank, First Security Islami Bank, Global Islami Bank, and Union Bank. The collective demand from account holders highlights ongoing liquidity and fund recovery concerns within these merged banking entities.