May 8, 2021

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Policy approval for vaccine production in the country by Russia and China

Initiatives have been taken to produce two vaccines from Russia and China through Bangladeshi pharmaceutical companies.

The proposal to produce the vaccine was approved in principle at a meeting of the Cabinet Committee on Economic Affairs held on Wednesday. After the meeting, Finance Minister AHM Mustafa Kamal said this.

“I have been saying from the beginning that we need to think about alternative sources of vaccines,” he said. Russia and China are discussing vaccine production. This again does not mean that the first source (India’s best) has been canceled. We are also trying to bring the vaccine from the first source. Vaccines from China and Russia are being discussed as alternatives. ”The finance minister ended his brief press conference without elaborating. Later, Shahida Akhter, Additional Secretary to the Cabinet, said, “The proposal to produce Sputnik-V in Russia and Tika in China has been approved in principle.” Several domestic companies have the capacity to produce vaccines in Russia and China.

Asked which Bangladeshi companies would produce at the event, Additional Secretary Shahida Akhter said it was not yet clear. Initiatives have been taken to produce two vaccines from Russia and China through Bangladeshi pharmaceutical companies.

The proposal to produce the vaccine was approved in principle at a meeting of the Cabinet Committee on Economic Affairs held on Wednesday. After the meeting, Finance Minister AHM Mustafa Kamal said this.

“I have been saying from the beginning that we need to think about alternative sources of vaccines,” he said. Russia and China are discussing vaccine production. This again does not mean that the first source (India’s best) has been canceled. We are also trying to bring the vaccine from the first source. Vaccines from China and Russia are being discussed as alternatives. The finance minister ended his brief press conference without elaborating. Later, Shahida Akhter, Additional Secretary to the Cabinet, said, “The proposal to produce Sputnik-V in Russia and Tika in China has been approved in principle.” Several domestic companies have the capacity to produce vaccines in Russia and China.

Asked which Bangladeshi companies would produce at the event, Additional Secretary Shahida Akhter said it was not yet clear.

At present, there are 61 public and private banks in the country. Of these, 43 are owned by traders. Among the businessmen who were the president of FBCCI were Salman F Rahman, now chairman of IFIC Bank, Kazi Akram Uddin Ahmed, chairman of Standard Bank, AK Azad, director of Shahjalal Islami Bank, Mir Nasir Hossain, director of Eastern Bank and Abdul Awal Mintu, former chairman of National Bank. In addition, many business leaders are directly and indirectly involved in the management of the bank.

During the tenure of the Awami League government, 9 new banks were approved in 2012. At that time Bangladesh Bank itself did not want to approve the new bank. Economists also took a stand against it. The then finance minister Abul Maal Abdul Muhith said the bank had to issue a license for political reasons.

Even then, all approved banks are owned by government-backed individuals. Border Bank, Community Bank, Bengal Commercial and Citizen Bank were then approved one by one. Besides, the final approval of People’s Bank is under process. Towards the end of the current FBCCI Board of Directors. The new board can take charge next month.

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