Brac Bank recently hosted a workshop for the foreign airlines operating in Bangladesh on the revised regulations for remitting their surplus earnings.
The Foreign Exchange Operation Department of Bangladesh Bank issued SPA Circular No. 1 on 3 September simplifying its rules on surplus earnings remittance by the foreign airlines, said a press release.
Nabanita Dey, Joint Director, Foreign Exchange Operation Department, and Salma Akhtar, Deputy Director, Foreign Exchange Operation Department of Bangladesh Bank, were guest speakers at the workshop and provided answers to the queries of the foreign airline representatives in a Q&A session.
Selim RF Hussain, the Managing Director and CEO of the bank, inaugurated the workshop.
He said, "We are happy that the central bank has paid attention to simplify the remittance process of airlines.
He also noted that the initiative will not only reduce the hassle of piles of documentation but will also drive them towards embracing the digital way of work.
Shaheen Iqbal, Head of Treasury and Financial Institutes of Brac Bank, made a presentation on Bangladesh's economic outlook amidst the post-pandemic situation and highlighted the opportunities that will help the airline industry recovering from the COVID-19 impact.
Around 25 participants from different airlines, including representatives from the leading airline companies operating in Bangladesh, attended the workshop.