May 8, 2021

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A fine of Tk 28,000 was imposed on a mobile court operation in Dhaka North

Dhaka North City Corporation-DNCC has a total of 18 cases in the mobile court for violating the ban announced by the government to prevent the spread of corona virus or Covid-19 in different areas, disobeying the license and violating the conditions of the license, not wearing a mask and not following the health rules. A fine of Tk 200 was levied.

10,300 rupees in 5 cases in Banani 11 Road area in Ward No. 19 of Zone-3 of DNCC area through a mobile court conducted by the Executive Magistrate on Wednesday and Rs. A fine of Tk 3,900 and a fine of Tk 14,000 was levied in five cases in Madhyapara, Mollapara and Uttarbadda areas of Ward No. 38 of Zone-10. Thus, the total amount of fines collected in 18 cases is Tk 26,200.

At that time, everyone was advised to follow the health rules including the instructions of the government, said the DNCC.

Foreign direct investment (FDI) in Pakistan has declined in the current financial year. As FDI declined by 35 per cent at the end of the third quarter of the current financial year, the situation of investors did not improve. According to the State Bank of Pakistan (SBP) data released on Monday, FDI in July-March this year declined to ৩ 1.395 billion from ২ 2.15 billion in the same period last year.

The flow in March last year was 26.6 million. That compares to 16.8 million in March this year. This shows that the flow has decreased by 40 percent. However, the flow of investment in March this year was slightly better than in February. Direct investment was ১৫ 155 million in February. However, there is a hint that the overall trend of FDI is declining.

In the first eight months of the current financial year, FDI in the country has declined by 30 percent. And it’s down 35 percent in nine months from a 40 percent drop last month. However, the situation on the external front is quite good because FY21 has a surplus of ৮৮ 81 million in its eight-month current account. And the SBP reserves have reached a four-year high.

Due to the severe epidemic situation in India and Bangladesh, Pakistan’s exports are increasing. The Pakistani rupee has also appreciated against the US dollar due to rising export earnings in the domestic market and low foreign exchange, as it has risen 9 per cent since August 2020.

Although the weak inflow of FDI has continued in the country for more than five years, the Pakistani government has failed to come up with anything new this year to attract foreign investors. This is mainly due to the coronavirus epidemic. However, with the opening of the China-Pakistan Economic Corridor, the growth from China has multiplied in recent years. Although the investment trend from other countries has decreased.

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