The Pak Banker

Bangladesh economy hit hard by blockade

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DHAKA: A rolling transport blockade organised by the opposition is taking a huge toll on Bangladesh's economy, with the vital garment industry hit particular­ly hard, a business leader warned Sunday.

Opposition leader Khaleda Zia called the open-ended blockade of roads, railways and waterways after she was confined to her office by police on January 3 while trying to mobilise anti-government protests.

In the nine days that Zia has been locked in her office, supporters of her Bangladesh Nationalis­t Party (BNP) have taken to the streets in their hundreds, torching vehicles and even derailing trains by removing tracks.

The country's top business chamber told AFP the transport sector alone had been losing two billion taka ($26 million) a day since the blockade began, with at least 200,000 buses and lorries kept off the road for fear of attacks. "The disruption in the transport sector has created immense troubles for the passengers and also hampered supply of goods," said Kazi Akramuddin Ahmed, president of the Federation of Chambers of Commerce and Industry. "Farmers are the worst sufferers. Their vegetables are rotting on the fields," he said, adding they were "deeply concerned" at the worsening political crisis. Zia leads a 20-party opposition alliance which boycotted a general election last year on the grounds it would be rigged. She has said the blockade will continue until Prime Minister Sheikh Hasina agrees to new polls organised by a caretaker government. At least 162 buses, lorries and cars have been torched while hundreds more have been damaged. rain schedules have also gone haywire after several major services were derailed, leaving at least 50 people injured.

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