Private Final Consumption Expenditure (PFCE), a key driver of domestic demand, is projected to grow by 7.3 per cent in 2024-25, a sharp increase from the 4.0 per cent growth recorded in 2023-24.
The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) includes water conservation and water harvesting structures, enhancing rural water security.
Flooding has long been a critical issue for Male', the densely populated capital of Maldives. The city frequently experiences severe waterlogging during heavy rains, causing disruption and damage to infrastructure.
This enhanced support from ADB is expected to catalyse efforts to promote sustainability, strengthen infrastructure, and improve the quality of life for communities across Bangladesh.
Officials said that development partners reduced grants for infrastructure projects following Bangladesh's graduation from Lower- Income Countries (LIC) status to Lower Middle- Income Country (LMIC) in 2013.
The advisory has already sparked economic repercussions, with media reports indicating a four per cent drop in the stock prices of major European and American alcohol producers following the announcement.
The forum, which drew more than 2,000 participants – including 300 international delegates from countries such as the United States, China, Saudi Arabia, the United Kingdom, Finland, Denmark, and Kenya – is aimed at showcasing investment opportunities in Pakistan’s mineral-rich provinces and regions, including Azad Jammu & Kashmir and Gilgit-Baltistan.