Six private companies get $48.55million foreign currency loan

Dhaka, Bangladesh (BBN)- Six entrepreneurs have got nod to their financing plan for investing US$48.55 million foreign loan in six projects.

Private Sector Foreign Loan and Supplier’s Credit Committee approved the loan in its 68th meeting, held at the Bangladesh Bank (BB) headquarters in the capital Dhaka on Tuesday. 

Of the total amount, $9.75 million has been approved for NovoAir Limited, $ 0.5 million for RZ Power Limited, $ 7.5 million for Esquire Knit Composite Limited, US$9.0 million for SQ Celsius Limited and $ 20.0 million for KYCR Coils Limited.

“More foreign financing proposal is under processing and close consideration for the approval,” a senior government official said, adding that this type of foreign financing will be helpful to keep the country’s foreign exchange market stable.

 

BBN/SSR/AD-19Sept12-12:20 pm (BST)