Latest news with #MohammedOmarFaruq
Kuwait Times
2 hours ago
- Business
- Kuwait Times
Strike cripples Bangladesh's biggest port
CHITTAGONG: Container cranes lie non-operational at the Chittagong Port in Chittagong on June 29, 2025.-- AFP DHAKA: Operations at Bangladesh's biggest port were suspended on Sunday as a strike by customs officials brought shipping activity to a halt. The shutdown at Chittagong Port is part of an ongoing dispute between tax authority employees and the government, which is trying to overhaul the body. 'The port typically handles around 7,000 to 8,000 containers daily... But since this morning, there has been no movement in offloading or onboarding of goods,' said Mohammed Omar Faruq, secretary of the Chittagong Port Authority. 'This is having a huge impact on the country's economic situation,' he told AFP. Bangladesh is the world's second-largest garment manufacturer, while textile and garment production accounts for about 80 percent of the country's exports. Mahmud Hasan Khan, president of the Bangladesh Garment Manufacturers and Exporters Association, said the halt in port operations would cost the industry $222 million. 'The cost of recovery will be staggering—beyond comprehension—and many factories risk going bankrupt,' he told AFP. Staff at the National Board of Revenue (NBR) have been striking on and off for weeks over plans to split the authority into two separate bodies. Bangladesh's interim leader, Nobel Peace Prize laureate Muhammad Yunus, urged them to end the walkout. 'We hope NBR's staff will report back to work setting aside their unlawful program that goes against the national interest of the country,' his office said in a statement. 'Otherwise for the sake of the people of this country and safeguarding the economy the government will be left with no option but to act firmly,' the statement added. NBR staff were prevented from entering their offices on Sunday after a government order sought to stop them from protesting within their building premises. Meanwhile, 13 business chambers held a press conference on Saturday urging the government to resolve the issue as soon as possible. — AFP
Time of India
15 hours ago
- Business
- Time of India
Bangladesh Strike: Strike shuts down Bangladesh's biggest port, ET Infra
Advt Operations at Bangladesh's biggest port were suspended on Sunday as a strike by customs officials brought shipping activity to a shutdown at Chittagong Port is part of an ongoing dispute between tax authority employees and the government, which is trying to overhaul the body."The port typically handles around 7,000 to 8,000 containers daily... But since this morning, there has been no movement in offloading or onboarding of goods," said Mohammed Omar Faruq, secretary of the Chittagong Port Authority."This is having a huge impact on the country's economic situation," he told is the world's second-largest garment manufacturer, while textile and garment production accounts for about 80 percent of the country's Hasan Khan, president of the Bangladesh Garment Manufacturers and Exporters Association, said the halt in port operations would cost the industry $222 million."The cost of recovery will be staggering -- beyond comprehension -- and many factories risk going bankrupt," he told at the National Board of Revenue (NBR) have been striking on and off for weeks over plans to split the authority into two separate interim leader, Nobel Peace Prize laureate Muhammad Yunus , urged them to end the walkout."We hope NBR's staff will report back to work setting aside their unlawful programme that goes against the national interest of the country," his office said in a statement."Otherwise for the sake of the people of this country and safeguarding the economy the government will be left with no option but to act firmly," the statement staff were prevented from entering their offices on Sunday after a government order sought to stop them from protesting within their building 13 business chambers held a press conference on Saturday urging the government to resolve the issue as soon as possible.
Express Tribune
20 hours ago
- Business
- Express Tribune
Strike shuts down Bangladesh's biggest port
Operations at Bangladesh's biggest port were suspended on Sunday as a strike by customs officials brought shipping activity to a halt. The shutdown at Chittagong Port is part of an ongoing dispute between tax authority employees and the government, which is trying to overhaul the body. "The port typically handles around 7,000 to 8,000 containers daily... But since this morning, there has been no movement in offloading or onboarding of goods," said Mohammed Omar Faruq, secretary of the Chittagong Port Authority. "This is having a huge impact on the country's economic situation," he told AFP. Bangladesh is the world's second-largest garment manufacturer, while textile and garment production accounts for about 80 percent of the country's exports. Mahmud Hasan Khan, president of the Bangladesh Garment Manufacturers and Exporters Association, said the halt in port operations would cost the industry $222 million. "The cost of recovery will be staggering -- beyond comprehension -- and many factories risk going bankrupt," he told AFP. Staff at the National Board of Revenue (NBR) have been striking on and off for weeks over plans to split the authority into two separate bodies. Bangladesh's interim leader, Nobel Peace Prize laureate Muhammad Yunus, urged them to end the walkout. "We hope NBR's staff will report back to work setting aside their unlawful programme that goes against the national interest of the country," his office said in a statement. "Otherwise for the sake of the people of this country and safeguarding the economy the government will be left with no option but to act firmly," the statement added. NBR staff were prevented from entering their offices on Sunday after a government order sought to stop them from protesting within their building premises. Meanwhile, 13 business chambers held a press conference on Saturday urging the government to resolve the issue as soon as possible.
Qatar Tribune
a day ago
- Business
- Qatar Tribune
Strike cripples Bangladesh's biggest port
Agencies Operations at Bangladesh's biggest port were suspended on Sunday as a strike by customs officials brought shipping activity to a halt. The shutdown at Chittagong Port is part of an ongoing dispute between tax authority employees and the government, which is trying to overhaul the body. 'The port typically handles around 7,000 to 8,000 containers daily... But since this morning, there has been no movement in offloading or onboarding of goods,' said Mohammed Omar Faruq, secretary of the Chittagong Port Authority. 'This is having a huge impact on the country's economic situation,' he told AFP. Bangladesh is the world's second-largest garment manufacturer, while textile and garment production accounts for about 80 percent of the country's exports. Mahmud Hasan Khan, president of the Bangladesh Garment Manufacturers and Exporters Association, said the halt in port operations would cost the industry $222 million. 'The cost of recovery will be staggering—beyond comprehension—and many factories risk going bankrupt,' he told AFP. Staff at the National Board of Revenue (NBR) have been striking on and off for weeks over plans to split the authority into two separate bodies. Bangladesh's interim leader, Nobel Peace Prize laureate Muhammad Yunus, urged them to end the walkout. 'We hope NBR's staff will report back to work setting aside their unlawful program that goes against the national interest of the country,' his office said in a statement. 'Otherwise for the sake of the people of this country and safeguarding the economy the government will be left with no option but to act firmly,' the statement added. NBR staff were prevented from entering their offices on Sunday after a government order sought to stop them from protesting within their building premises. Meanwhile, 13 business chambers held a press conference on Saturday urging the government to resolve the issue as soon as possible.
Express Tribune
a day ago
- Business
- Express Tribune
Strike halts operations at Bangladesh's largest port amid tax authority dispute
Container cranes lie non-operational at the Chittagong Port in Chittagong on June 29, 2025, as export and import activities remained suspended due to an ongoing protest by employees of the National Board of Revenue (NBR) over reform issues by Bangladesh's interim government. Photo: AFP Operations at Bangladesh's biggest port were suspended on Sunday as a strike by customs officials brought shipping activity to a halt. The shutdown at Chittagong Port is part of an ongoing dispute between tax authority employees and the government, which is trying to overhaul the body. 'The port typically handles around 7,000 to 8,000 containers daily… But since this morning, there has been no movement in offloading or onboarding of goods,' said Mohammed Omar Faruq, secretary of the Chittagong Port Authority. 'This is having a huge impact on the country's economic situation,' he told AFP. Bangladesh is the world's second-largest garment manufacturer, while textile and garment production accounts for about 80 percent of the country's exports. Mahmud Hasan Khan, president of the Bangladesh Garment Manufacturers and Exporters Association, said the halt in port operations would cost the industry $222 million. 'The cost of recovery will be staggering – beyond comprehension – and many factories risk going bankrupt,' he told AFP. Staff at the National Board of Revenue (NBR) have been striking on and off for weeks over plans to split the authority into two separate bodies. Bangladesh's interim leader, Nobel Peace Prize laureate Muhammad Yunus, urged them to end the walkout. 'We hope NBR's staff will report back to work setting aside their unlawful programme that goes against the national interest of the country,' his office said in a statement. 'Otherwise for the sake of the people of this country and safeguarding the economy the government will be left with no option but to act firmly,' the statement added. NBR staff were prevented from entering their offices on Sunday after a government order sought to stop them from protesting within their building premises. Meanwhile, 13 business chambers held a press conference on Saturday urging the government to resolve the issue as soon as possible.
