The Hong Kong and Shanghai Banking Corporation (HSBC) today honoured eight business enterprises of Bangladesh for their outstanding contribution to the sustainable growth of the economy even during challenging times
The Hong Kong and Shanghai Banking Corporation (HSBC) yesterday honoured eight business enterprises of Bangladesh for their outstanding contribution to the sustainable growth of the economy even during challenging times.
Bangladesh's pharmaceutical exports rose by almost 15% YoY in the first two months of this fiscal year due to international tender wins, say industry sources.
Drug-makers stay strong in a tough year
Most of the industries in Bangladesh witnessed drastic fall in profits in the outgoing year due to the protracted pandemic. The pharmaceuticals industry was an exception.
Complete and credible data are yet to be released, but industry leaders say the domestic market saw a handsome growth in 2020.
The industry clocked 17.36 per cent higher export growth during the July to November, bringing home $69.82 million. The pharmaceuticals industry achieved good growth as patients have started to visit hospitals again to receive treatment and doctors are seeing patients, said Rabbur Reza, chief operating officer of Beximco Pharmaceuticals Ltd.