Dhaka, Sept. 7 -- The garment sector businesses have urged to fix the defaulted loan exit policy for at least 10 years, as it is impossible to repay loans within the current short timeframe of 3 years due to the present economic situation.

They said this in a view exchange meeting held at head headquarters of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in Uttara on Sunday.

In the crucial meeting called to discuss banking-related problems faced by its members. The meeting, presided over by BGMEA President Mahmud Hasan Khan, was attended by more than 70 member organizations.

In response, he (Mahmud Hasan Khan) stated that the BGMEA board will quickly hold a meeting with the relevant authorities to discuss all the i...