Impact-of-ME-crisis

Since two straight routes for bringing crude fuel oil from Saudi Arabia—the Strait of Hormuz and the Bab al-Mandeb—are closed, Bangladesh has to bring oil through a new and complex route via the Suez Canal. On this route, it has to cross two continents and two oceans at once. Along this long sea route, the transport cost alone for bringing one lakh tonnes of oil to Chattogram by ship is Tk 217 crore. Meanwhile, the cost of buying the oil is estimated at about Tk 800 crore.Because the easy and no...

Although the proposed budget for the 2026-27 fiscal year has been assessed as positive overall, the private research organisation Centre for Policy Dialogue (CPD) has said there is no clear guidance on implementation strategies. At the same time, the organisation believes that the targets for revenu...