Commerce advisor blames 'network of cronies' built by AL regime for market instability

Commerce Advisor Sheikh Bashir Uddin has accused the deposed Awami League regime of fostering a "network of cronies" who destabilised the economy over the past 16 years. Addressing the closing ceremony of a two-day international conference organised by organised Chittagong University's Bureau of Business Research in the port city on Friday, he blamed them for weakening market management. On the current state of the economy, the advisor said: “After Sheikh Hasina’s fall, our reserves stood at about $10 billion, while our liabilities to different countries and institutions amounted to $6 billion. Under the leadership of Chief Advisor Muhammad Yunus, we repaid all debts. Currently, the country’s reserves stand at $30 billion.” Asked about expectations from a future political government, Bashir...