BFTI 

     

Annual Report (2017‐2018)   

Contents

Particulars Page no

Message from the Chairman 1-2

Message from the CEO 3-4

Bangladesh Foreign Trade Institute

About BFTI

BFTI Board of Directors

BFTI Professionals

5-6

7

8

Major Activities Carried Out

Training Programmes

Research

Policy Support

Seminar

Others

9

10

11

12-13

14-15

Financial Positions of Endowment Fund 16-17

Financial Statements and Auditor’s Report 18-35

1  

Message from the Chairman 

    

 

 

 

I would like to take this opportunity to welcome you all to this 7th Annual General Meeting of the Bangladesh Foreign Trade Institute (BFTI), and to present the audited report of accounts for the period 2017-2018.

I am further pleased to announce that the BFTI is in the 15th year of its existence and has gradually been developing its training and research capacity to build itself as a centre of excellence in the arena of international trade. As of October 2018, to fulfil its mission, BFTI conducted approximately 330 training programmes, seminars, research and other events during the period 2003-2018. But only during the financial years of July 2017-June 2018, BFTI conducted approximately 30 training programmes, seminars, research and other events. BFTI also provided policy support to the Government and the private sector to carry out various research activities. During this period, BFTI also carried out various fee-generating training activities.

I gratefully recognise the support provided by the World Bank and GTZ at its initial stage. My special thanks are due to the European Union for its comprehensive support to develop the institution since March 2007. However, we could not fulfil our expectations due to break in the support from October 2009-August 2012. The Government, then, stepped into the vacuum and provided BFTI with an endowment fund of taka Thirty- five crore. I thank the ministry of finance, especially its very dynamic Ex-Senior Secretary, Mr. Mahbub Ahmed, and my esteemed colleague, the Hon’ble Finance Minister, Mr. A.M.A Muhith, M.P. for their help.

I would like to inform you that the BFTI is now carrying out various activities, such as policy support, research, training and consultancy. I am especially heartened to learn that BFTI is engaged, since quite a few months now, three remunerative research activities of a renowned consultancy house like the British Council-PROKAS, EPB and the EIF of the WTO. It may be mentioned, in brief, that 1 (one) training programme, 5 (five) seminars/roundtables, and one remunerative research work have been completed in the last 06 (six) months. Two more remunerative research works one under the EIF, and another one for the Export Promotion Bureau, are in progress. Moreover, BFTI is working in an international project titled ‘Transparency in Trade Procedures’, in collaboration with International Trade Centre (ITC). It should also be mentioned that the World Trade Organisation has recently upgraded its Reference Centre of Bangladesh at the BFTI. BFTI is also engaged in developing twinning and partnership programmes with internationally reputed institutions like world trade institute (WTI), virtual institute of UNCTAD, International Trade Centre (ITC), ESCAP, UNNExT and Indian institute of foreign trade (IIFT) towards development of international standard education and training programmes and to develop international cooperation in the areas of research and consultancy.

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I sincerely believe that, with support from our members, we can make our BFTI a centre of excellence in international trade research, training and education.

Before I conclude, I would like to express my sincere thanks to the members of the Board of Directors and BFTI staff. BFTI achieved so far has become possible only because of their advice and guidance, which have been of enormous benefit and encouragement to all concerned. We look forward to making the BFTI an apex trade policy institute in the country.

Joy Bangla! Joy Bangabandhu!

Tofail Ahmed, MP Chairman, BFTI Board of Directors & Minister, Ministry of Commerce Government of People’s Republic of Bangladesh Dated, Dhaka, 18th November, 2018.

3 

Message from the CEO Mr. Chairman & Dear Members,

It is indeed a matter of great pleasure for me to welcome you all at the 7th Annual General Meeting of the Bangladesh Foreign Trade Institute (BFTI). I would like to express my heartfelt thanks and gratitude to the members present. It also gives me an immense pleasure to present before you the Annual Report along with Audited Financial Reports of the BFTI for the period 2017-2018.

The BFTI, as you are aware, was established as a non-profit research and training institute in 2003 as a public-private partnership (PPP) institute. It is patronised by a few important ministries of the government, including Finance, Industries, the Ministry of Commerce (MoC), and the most important private sector business organisations. Its main focus is on research, skill development, training and policy advocacy in international trade-related issues.

I would like to mention here that BFTI has passed thirteen years since its birth. This short life-span of the BFTI has not always been smooth. The authorities could not appoint a regular CEO before 2008. The institute remained on project finance from the beginning. Initially, it was financially supported by the World Bank & GTZ and, then, for some time, was an EU BTSP project. When the project ended in 2010, BFTI faced financial difficulty in paying its officials, although they were very few in number. There were only 3 officials and no CEO during 2011- 2012, while BFTI was almost non-functional. Due to fund crisis, BFTI was forced to borrow from its small endowment fund to pay salaries and other operational expenses for the period 2009-2012. Despite all these existential crises, BFTI has finally survived.

Shortly after joining the BFTI in April, 2015, I came face to face with the rather chilling prospect of a shutdown as the then existing resources could run the organisation for barely three more months. The mighty intervention of the chairman of the Board of Directors and Hon’ble Commerce Minister, Mr. Tofail Ahmed, M.P., the respectable Vice-Chairman and Ex-Senior Secretary, Ministry of Commerce, Mr. Hedayetullah Al Mamoon, ndc, and the kindness of the respected Ex-Senior Secretary of Finance, Government of Bangladesh, Mr. Mahbub Ahmed, now an honourable member on the Board, and of the Hon’ble Minister of Finance Mr. A.M.A Muhith, M.P., did provide for us an Endowment fund of taka thirty- five crore. This ensures the survival of BFTI and the organisation, once again, puts on record its deepest sense of gratitude to those few personalities and all others who have helped us on the way.

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To turn our dream of transforming the BFTI into a centre of excellence, we have been carrying on with training sessions and have tentatively stepped into the vaunted field of remunerative research. It may be mentioned, in brief, that 1 (one) training programme, 5 (five) seminars/roundtables and one remunerative research work have been completed in the last 06 (six) months. Two more remunerative research works one under the EIF, and another one for the Export Promotion Bureau, are in progress. Moreover, the BFTI has been working in an international project titled ‘Transparency in Trade Procedures’ in collaboration with International Trade Centre (ITC). It should also be mentioned that the World Trade Organisation has recently upgraded its Reference Centre of Bangladesh at the BFTI. Very recently, the BFTI has been given an assignment to conduct a study on Environmental, Social and Quality (ESQ) Compliance for four selected sectors, namely Leather & leathergoods, Footwear, Plastics and Light Engineering under the Export Competitiveness for Jobs (EC4J) of the Ministry of Commerce.

Thanks, once again, to our respected Chairman and Ex-Vice-Chairman, Mr. Hedayetullah Al Mamoon, ndc, for their support. But to convert this tentative toe-hold into mighty strides would invariably necessitate more of specialised manpower and funding. Unless the authorities look a little more benignly to this, the aim of bringing BFTI into the dreamt-of-centre of excellence would, I am afraid, remain unattainable.

I also have the pleasure to present before the Hon’ble Chairman and the Members of the Board of Directors, the audited accounts of the BFTI for the financial year 2017-2018.

I would beseech you all for a continued support and blessings of this august body for successfully carrying on the responsibilities of an ambitious organisation like the BFTI.

Thank you all.

Ali Ahmed Chief Executive Officer Bangladesh Foreign Trade Institute Dated, Dhaka, 18th November, 2018.

5 

About BFTI

Bangladesh Foreign Trade Institute (BFTI) is a non-profit research and training institution. Founded in 2003, it traces its inception to the concept of public-private partnership (PPP) between the Ministry of Commerce (MoC), Government of Bangladesh and the private sector. Its prime focus is on research, education, training and policy advocacy on international trade-related issues. The beneficiaries of the institute comprise both the public and private sectors, engaged in trade-related activities.

The creation of the BFTI as a PPP entity is a ground-breaking and pioneering initiative in Bangladesh that provides this organization a unique opportunity to have a clear understanding of the issues of concern for the target groups and to cater to their needs in the ever-expanding spheres of trade, especially international trade. The aims and objectives, and overall vision of the BFTI are shared by its stakeholders.

BFTI is administered by a Board of Directors. The Board is chaired by the Minister of Commerce with members drawn from both the government and business and industry. Private sector stakeholders include country’s business associations and chambers of commerce and industry, as well as the apex body -- Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). Public sector membership comprises representatives from a number of ministries such as commerce, finance and foreign affairs.

Mission: To set in motion the country's foreign trade management in a professional manner by developing trade and business knowledge of the public and private sector practitioners through top quality research, policy advice, education and training. The Institute has three major mandates:

Providing policy support to the government and the private sector trade bodies and associations on existing and emerging trade-related issues

Building trade-related capacity for government agencies and private sector enterprises through training and research; and

Creating a policy forum for consultation between policy makers and business leaders To carry out its mandate, the Institute may conduct the following activities:

Training Research Policy Advocacy Consulting Education

Vision: To develop as an internationally reputed institute for trade policy research, and a center of excellence for education and training of the highest standard on trade and business related subjects. This vision is to be achieved by gradually developing the structure, operational processes and human resource capacity of the BFTI, in order to effectively perform the mandated functions over a period of time. The core activities as envisaged in the vision are:

Applied research on international economic law and trade policy;

Policy advice on international economic law, trade-related regulatory frameworks and trade policy;

Practical training and capacity building on international economic law, trade regulation, economic policy making and international negotiations;

Recognized and accredited advanced academic programs on international economic law, international commerce, international business, and trade policy;

A public access information centre for the laws and regulations governing trade in Bangladesh and in its major trading partners.

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BFTI Board of Directors

1 Chairman Honourable Minister of Commerce Mr. Tofail Ahmed , MP

2 Vice-Chairman Senior Secretary, Ministry of Commerce Mr. Shubhashish Bose

3 Vice-Chairman President, Federation of Bangladesh Chambers of Commerce and Industry Mr. Shafiul Islam Mohiuddin

4 Vice-Chairman President, International Chamber of Commerce Bangladesh Mr. Mahbubur Rahman

5 Member Secretary, Ministry of Finance Mr. Abdur Rouf Talukder

6 Member Secretary, Ministry of Industries Mr. Md. Abdul Halim

7 Member Chairman, Bangladesh Tariff Commission Mr. Md Zahir Uddin Ahmed, ndc

8 Member Secretary, Economic Relations Division, Ministry of Finance Mr. Monowar Ahmed

9 Member Vice-Chairman, Export Promotion Bureau Mr. Bijoy Bhattacharjee

10 Member Principal (Acting), Foreign Service Academy, Ministry of Foreign Affairs Syed Masud Mahmood Khundoker

11 Member President, Bangladesh Textile Mills Association Mr. Tapan Chowdhury

12 Member President, Metropolitan Chamber of Commerce and Industry Ms. Nihad Kabir

13 Member President, Chittagong Chamber of Commerce and Industry Mr. Mahbubul Alam

14 Member President, Bangladesh Chamber of Industries (BCI) Mr. Mostafa Azad Chowdhury

15 Member President, Dhaka Chamber of Commerce and Industry Mr. Abul Kasem Khan

16 Member President, Bangladesh Garment Manufacturers and Exporters Association Mr. Siddiqur Rahman

17 Member Secretary Chief Executive Officer, Bangladesh Foreign Trade Institute Mr. Ali Ahmed

7

8  

BFTI Professionals

1 Mr. Ali Ahmed

Chief Executive Officer 2 Mr. Nesar Ahmed

Director 3 Mohammad Farhad

Research Fellow (On study leave) 4 Ahsanul Islam

Asst. Director (Admin & Accounts) 5 Md. Shoaib Akhtar

Sr. Research Associate (On study leave) 6 Mr. Tapas Chandra Banik

Sr. Research Associate 7 Seikh Ruksana Burhan

Research Associate (On study leave) 8 Mr. Md. Majbahul Islam

Research Associate 9 Ms. Nahrin Rahman Swarna

Research Associate 10 Ms. Benazir Rahman

Assistant Research Associate 11 Ms. Khaleda Begum Maiful

Assistant Research Associate 12 Ms. Farhana Rifat

Junior Research Associate 13 Mr. Recardo Saurav Antor Halder

Junior Research Associate (On study leave) 14 Ms. Sadia Afroz

Junior Research Associate (On study leave) 15 Mr. Imtiaz Ahmed

Junior Research Associate 16 Ms. Kazi Sadia

Junior Research Associate

9 

Training (July 2017- June 2018)

Year Number of trainings

Number of Days

Number of participants

July 2017-June 2018 07 26 145

Sl No. Month/Year Topic Duration Number of Participants

July 2016-June 2017

1. July, 2017 Roundtable discussion on Finalisation of the study on Expansion and Facilitation of RMG sector held at the BFTI on 11th July, 2017.

11th July, 2017

25

2 October, 2017

Trade Foundation Course for the Commercial Counsellors designate and the First Secretaries (Commercial) designate

2-23 October, 2017

8

3 November, 2017

Training on Trade Policy Research and Analysis: CGE Modelling

26-28 November, 2017

15

4 January, 2018

Training on Bilateral and Regional Trade Agreement, under EIF, WTO Cell, MoC

9-11 January, 2018

25

5 February, 2018

Training on E-filling 14th February, 2018

13

6 March, 2018

Discussion Meeting on The Impact of the 4th Industrial Revolution on Trade and Economic Development

21st March, 2018

50

7 April, 2018 Foundation Course for the Officials of the Competition Commission

3-5 April, 2018

9

Total Training: 7

10  

Research (July 2017- June 2018)

Serial No.

Topics Remarks

1 Scoping Study on Paperless Trade Facilitation in Bangladesh, for the British Council- PROKAS project (June-August, 2017)

Completed in August, 2017

2 Study on Export Potential of Trade in Services of Bangladesh: Identifying Opportunities and Challenges, Research for MoC (EIF, WTO Cell)

Completed in August, 2018

3 Study on Identification of Non-Tariff Barriers Faced by Bangladesh in exporting Potential Exportable Products in Major Export Market, Research for MoC (EIF, WTO Cell)

On-going (Started in December, 2017)

4 Analysing the Gap between Sectoral Testing and Certification Needs of Six Product Groups and Abilities of Concerned Authorised Institutes and Laboratories to Perform the Jobs.

On-going (Started in September, 2017)

 

 

11 

Policy Support Activities (July 2017- June 2018)

1. BFTI Comments on The probable assessment of FTA signing of Bangladesh with Turkey, Malaysia and Sri Lanka, 2 July, 2017.

2. BFTI Comments on The draft text of the Motor Vehicles Agreement for the Regulation Passenger and Cargo Vehicular Traffic between and among BIMSTEC Member-States, 23 July, 2017.

3. BFTI Comments on Proposal for Discussion at the 11th meeting of the Bangladesh-India Joint working group on Trade (JWG), 24 August, 2017.

4. BFTI Comments on ‘Inputs for the Triennial Export Policy (2018-20121), 11 September, 2017.

5. BFTI inputs for the Bilateral Consultation meeting between Bangladesh and Chile, 24 September, 2017.

6. BFTI Comments on ‘Inputs for the Triennial Export Policy (2018-20121), 11 September, 2017.

7. Proposal for Discussion at the India-Bangladesh Commerce Secretary Level Meeting, 5 October, 2017

8. BFTI Inputs for the 6th Partnership Dialogue between Bangladesh and USA to be held on 5th -6th November, 2017, 09 October, 2017.

9. BFTI inputs for the upcoming Bilateral Consultation meeting between Bangladesh and Denmark, 09 November, 2017.

10. BFTI inputs for the upcoming Bilateral Round Table Discussion on mutual economic cooperation between Bangladesh and South Sudan, 22 November, 2017.

11. BFTI Comments on ‘RvZxq Z_¨ I †hvMv‡hvM cÖhyw³ bxwZgvjv-2015 wel‡q evwYR¨ gš¿Yvjq KZ©„K cÖ ZzZK…Z Lmov Kg©cwiKíbv’ 26 December, 2017.

12. BFTI inputs on the Preparation of the Training Curriculum for Youth Development, 11 February, 2018.

13. BFTI inputs for upcoming Foreign Office Consultation (FOC) meeting between Bangladesh and Egypt, 20 March, 2018.

14. BFTI’s comments and views on the list of products for achieving DFQF facilities to the GCC countries, 22 April, 2018.

15. BFTI inputs on the SDG Action Plan through National Mid-Term and Long-Term Development Plans, 10 May, 2018.

16. Proposal for Discussion at the Bangladesh-Nepal Commerce Secretary-Level Meeting, 20 May, 2018

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Seminar (July 2017- June 2018) Serial No.

Month/Year Topic Duration Number of Participants

1 July, 2017

Focus Group Discussion on the Paperless Trade Implementation in Bangladesh: Inside and Across the Border under British Council-PROKAS Programme organised by the BFTI. Venue: CIRDAP Auditorium Chameli House, 17 Topkhana Road, Dhaka.

18th July, 2017

50

2 August, 2017 Validation Workshop on the Paperless Trade Implementation in Bangladesh: Inside and Across the Border under British Council-PROKAS Programme organised by the BFTI. Venue: CIRDAP Auditorium Chameli House, 17 Topkhana Road, Dhaka.

1st August, 2017

80

3 October, 2017

Roundtable discussion with Ex-Commercial Counsellors (Diplomats) at the Trade Foundation Course for the Commercial Counsellors-designate and the First Secretaries (Commercial)-designate held at the BFTI on 18th October, 2017. Venue: BFTI Conference room.

18th October, 2017

08

4 October, 2017

Roundtable discussion on Expectation of the private sector from the Commercial Counsellors-designate and the First Secretaries (Commercial)-designate at the Trade Foundation Course held at the BFTI on 19th October, 2017. Venue: BFTI Conference room.

19th October, 2017

10

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Serial No.

Month/Year Topic Duration Number of Participants

5 May, 2018 Discussion Meeting with Kangwon National University (KNU), Republic of Korea & Asia-Pacific & Africa Cooperation Academy

10th May, 2018.

10

6 June, 2018 Consultation meeting with the Delegation from the National Board of Sweden.

19th June, 2018.

12

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Seminar (July 2017- June 2018) Serial No.

Month/Year Topic Duration Number of Participants

1 July, 2017

Focus Group Discussion on the Paperless Trade Implementation in Bangladesh: Inside and Across the Border under British Council-PROKAS Programme organised by the BFTI. Venue: CIRDAP Auditorium Chameli House, 17 Topkhana Road, Dhaka.

18th July, 2017

50

2 August, 2017 Validation Workshop on the Paperless Trade Implementation in Bangladesh: Inside and Across the Border under British Council-PROKAS Programme organised by the BFTI. Venue: CIRDAP Auditorium Chameli House, 17 Topkhana Road, Dhaka.

1st August, 2017

80

3 October, 2017

Roundtable discussion with Ex-Commercial Counsellors (Diplomats) at the Trade Foundation Course for the Commercial Counsellors-designate and the First Secretaries (Commercial)-designate held at the BFTI on 18th October, 2017. Venue: BFTI Conference room.

18th October, 2017

08

4 October, 2017

Roundtable discussion on Expectation of the private sector from the Commercial Counsellors-designate and the First Secretaries (Commercial)-designate at the Trade Foundation Course held at the BFTI on 19th October, 2017. Venue: BFTI Conference room.

19th October, 2017

10

- 13 -  

Serial No.

Month/Year Topic Duration Number of Participants

5 May, 2018 Discussion Meeting with Kangwon National University (KNU), Republic of Korea & Asia-Pacific & Africa Cooperation Academy

10th May, 2018.

10

6 June, 2018 Consultation meeting with the Delegation from the National Board of Sweden.

19th June, 2018.

12

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Others/ Workshop (July 2017- June 2018)

1. The Chief Executive Officer, BFTI, presented a paper on the Non-Tariff Barriers and Trade Facilitation: Perspective BBIN Sub-region, at the Roundtable meeting of Advancing BBIN Sub-regional Cooperation organised by Delhi Policy Group held in Kathmandu, Nepal, from 27-29th July, 2017.

2. A Research Associate and a Junior Research Associate of the BFTI participated in a Training course in the Advanced Trade Policy course under the National Board of Trade, held from 16th -27th October, 2017, in Stockholm, Sweden.

3. The Chief Executive Officer, attended at the WTO 11th Ministerial Conference as a member of the delegation team of Bangladesh, held at Buenos Aires, Argentina, from 10th -13th, December, 2017.

4. The Chief Executive Officer, BFTI, presented a paper on Expanding Bangladesh-Nepal Connectivity for Fostering Trade: Fast Tracking Infrastructure, Rail and Road to Sea Ports, at the seminar on 4th Bangladesh Expo organised by Embassy of Bangladesh in Kathmandu held in Kathmandu, Nepal, from 22-25th February, 2018.

5. An Assistant Research Associate of the BFTI participated in a Training course in the Professional Training and Exposure Visit Program on Regional Economic Integration & ASEAN Experience, held from 26-30th March, 2018, in Bangkok, Thailand.

6. A Research Associate and an Assistant Research Associate of the BFTI participated in a Training course in the Advanced Trade Policy course under the National Board of Trade, held from 15th -22nd April, 2018, in Stockholm, Sweden.

7. The Director of the BFTI participated in a seminar on Regional Policy Dialogue on Connectivity Imperatives in the bay of Bengal Region, held from 02-04th May, 2018, in New Delhi, India.

Project work:

A. World Bank Group-IFC: Regional Connectivity Project1: Mainstreaming Women in trade in Bangladesh:

The World Bank has taken a project titled Regional Connectivity Project -1. The Component 2 of the project is to Support Co-ordination for trade and economic empowerment opportunities for Women (IDA US$ 7 million). The WTO Cell, Ministry of Commerce, is the implementing agency of the project. The Sub- component 2(b) is to Develop (pilot) programmes to support female traders and entrepreneurs (IDA US$ 5 million). It is mentioned in the TAPP that BFTI would conduct most of the trainings and studies of the component, following Government rules and regulations. BFTI was actively involved in the

15  

diagnostic study for the component. A draft action plan for the period of January, 2018 to December, 2018, for the component has been prepared by the BFTI and the World Bank Consultants. Based on the diagnostic study, 4 sectors namely ICT, Cut-flowers, Woven Cotton-Textiles including Sari and Agro-processed foods have been taken up for which feasibility and pilot design studies would be conducted. ToRs for the studies are being prepared. The modalities of assigning works to the BFTI also be finalised soon. B. World Bank funded Export Competitiveness for Jobs (EC4J) Project of Ministry of

Commerce

Ministry of Commerce has taken a project, titled as Export Competitiveness for Jobs (EC4J), funded by the World Bank Group, which aims to contribute to the Government’s mandate of export diversification by increasing the competitiveness of four selected sectors, namely Leather & leathergoods, Footwear, Plastics and Light Engineering. To provide assistance for creating both quality jobs and quality products by fulfilling international standards and compliance requirements to attract and capture international markets is another objective of the project. The Component 1 – Market Access Support Programme – of the project aims to address, among others, the constraints related to Environmental, Social and Quality (ESQ) Compliance that limit the performance of the sectors in the international market.

The BFTI has been given an assignment under this project for conducting a study to identify as well as analyse gaps and training needs on ESQ compliance for the four selected sectors. The study will also recommend plan and strategy for awareness-building on ESQ Compliance issues. In this regard a contract has been signed between the BFTI and the Project Implementation Unit of the EC4J project on 17th October, 2018.

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Financial Positions of BFTI Fund- 30th June, 2018

Financial Positions of Fund As on 30.06.2018

Sl No

Bank Name FDR/MIS No Maturity

Date Closing balance as

on 30.06.18 1 Meghna Bank Ltd. 1101-36300000149 24.06.21 150,000,0002 Meghna Bank Ltd. 1101-36300000086 24.11.18 100,000,0003 Brac Bank Ltd. 1506-303660923002 24.01.20 106,000,0004 Meghna Bank Ltd. 253-00000383 27.06.19 26,200,0005 Meghna Bank Ltd. 255-00000194 13.04.19 1,200,0006 Meghna Bank Ltd. 255-00000198 04.05.19 2,000,0007 Meghna Bank Ltd. 255-00000218 31.08.18 500,0008 Meghna Bank Ltd. 255-00000228 31.10.18 1,500,0009 Meghna Bank Ltd. 255-00000245 19.12.18 2,500,00010 Meghna Bank Ltd. 255-00000247 04.01.19 800,00011 Meghna Bank Ltd. 255-00000255 12.02.19 2,000,00012 Meghna Bank Ltd. 255-00000284 22.05.19 1,000,00013 Meghna Bank Ltd. 255-00000299 04.07.18 1,000,00014 Meghna Bank Ltd. 255-00000324 25.09.18 1,500,00015 Meghna Bank Ltd. 255-00000337 27.11.18 2,000,00016 NCC Bank Ltd. 330015316 04.01.19 1,000,00017 Brac Bank Ltd. 1506303660923003 28.01.20 300,00018 Meghna Bank Ltd. 1101-3630000353 14.02.19 1,000,000 19 Meghna Bank Ltd. 1101-25500000363 09.04.19 2,500,000 20 Meghna Bank Ltd. 1111-25500000091 30.04.19 1,000,000 21 Meghna Bank Ltd. 1101-25500000379 26.06.19 1,000,000 22 Meghna Bank Ltd. 253-00001314 04.07.18 405,00023 Meghna Bank Ltd. 255-00000156 28.12.18 405,00024 Meghna Bank Ltd. 255-00000192 04.04.19 405,00025 Meghna Bank Ltd. 255-00000208 27.06.19 405,00026 Meghna Bank Ltd. 255-00000219 25.09.18 405,00027 Meghna Bank Ltd. 255-00000246 26.12.18 405,00028 Meghna Bank Ltd. 255-00000263 27.03.19 405,00029 Meghna Bank Ltd. 255-00000298 29.06.19 405,00030 Meghna Bank Ltd. 255-00000331 26.10.18 405,00031 Meghna Bank Ltd. 255-00000346 01.01.19 405,000

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32 Meghna Bank Ltd. 253-00002146 27.06.19 405,00033 Meghna Bank Ltd. 255-00000095 25.06.19 405,00034 Meghna Bank Ltd. 255-00000193 04.04.18 243,00035 Meghna Bank Ltd. 255-00000204 24.05.18 243,00036 Meghna Bank Ltd. 255-00000217 30.08.17 243,00037 Meghna Bank Ltd. 255-00000241 28.11.17 243,00038 Meghna Bank Ltd. 255-00000259 01.03.18 243,00039 Meghna Bank Ltd. 255-00000287 01.06.18 243,00040 Meghna Bank Ltd. 255-00000312 24.08.18 243,00041 Meghna Bank Ltd. 255-00000336 27.11.18 243,00042 Meghna Bank Ltd. 255-00000359 05.03.19 243,00043 Meghna Bank Ltd. 255-00000092 27.05.19 243,000

Total Fund as FDR: 41,22,90,000 Source: Auditors’ Report as on 30th June, 2018.