, Jan. 24 -- Import activity in Bangladesh showed signs of a modest recovery in the first five months of the current fiscal year (FY26), supported by a stable dollar market and preparations for Ramadan.

However, the recovery remains fragile as businesses adopt a cautious 'wait-and-see' approach ahead of the national election.

According to Bangladesh Bank data, Letters of Credit (LC) openings increased by 4.5 percent to $29.69 billion during July-November of FY26, up from $28.4 billion in the same period last year.

The data highlights a gap between LC openings and final payments with high interest rates and political uncertainty slowing settlements.

LC openings surged 32.22 percent to $911 million, reflecting renewed investments in ene...