Dhaka, Aug. 22 -- The manufacturing sector is one of the driving forces of Bangladesh's economy. This sector plays an important role in domestic consumption, employment generation, and export earnings.
A large portion of the country's total employment is created in the sector. But it is now burdened with huge defaulted loans.
According to report published in this newspaper yesterday, manufacturing industries such as leather, ready-made garments, textiles, shipbuilding and shipbreaking are at the top of the list of defaulters.
The Central Bank's Financial Stability Report states that 49.28 percent of the total loans in the banking sector have been disbursed to the manufacturing industries as of December 2024. The default loan rate is the ...