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    	<hl1 id="Headline1" class="1" style="Headline1">
		<lang class="3" style="Headline1"  font="Blacker Pro Display" fontStyle="Regular" size="25">Private ICDs face </lang>
	</hl1>

       </hedline>
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     <p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Bold" size="7">FROM PAGE B1
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">The fare is usually around Tk 15,000 to Tk 20,000, he said.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">“The truckers are also charging demurrage of Tk 5,000 or more for each day of additional stay while many truck drivers and helpers who are waiting for days are expressing unwillingness to stay further as Eid was nearing,” he said.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">Drivers and helpers of many of these vehicles are the worst sufferers as they are facing acute troubles in availing meals and baths as they cannot leave the vehicles out on the streets.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">Mohammad Yusuf, one of the truck drivers who brought cargo of Shinest Apparel, said he had arrived on Saturday and was yet to enter Ispahani Summit Alliance Terminal at Dhaka Trunk Road till yesterday afternoon.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">“I had to spend Tk 50 each time to go to the washroom or to have meals by rickshaw leaving the helper with the vehicle for the past 5 days now,” he said.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">It is becoming intolerable as the two have to spend the hot nights inside the vehicle, he said.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">Leaders of Bangladesh Inland Container Depots Association (BICDA) said the situation worsened as most of the ICDs have been facing a huge pressure of export cargo for the last couple of weeks.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">As the ICDs are already overloaded with export laden containers inside, they are forced to delay accepting fresh cargo, they said.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">As of yesterday afternoon, a total of 13,500 TEUs (twenty-foot equivalent units) of export laden containers were stocked inside the 19 ICDs.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">These ICDs usually handle 5,000 to 6,000 TEUs a day.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">BICDA Secretary Md Ruhul Amin Sikder held three reasons behind the accumulation.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">He said ahead of Eid every year, exporters, mainly garment factory owners, remain in a rush to send over export cargoes in advance as the factories go into a week-long vacation. 
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">That is why the pressure rises, he said.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">But this year, due to the closure of a big ICD, BM Container Depot, for the June 4 devastating fire, an unusual pressure is being faced by the remaining ICDs, he said.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">Moreover, the ICDs have been experiencing a growth in export cargo by around 19 per cent in the last six months till June, said Sikder.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">Leaders of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), however, blamed the ICDs for a lack of infrastructure and efficiency as well as a shortage of workers which was delaying the handling of export cargoes.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">BGMEA First Vice President Syed Nazrul Islam, in a letter to the Chattogram port authority chairman yesterday, urged passing a directive on the ICDs for quick handling of the export cargoes to ensure that shipments were made on time.
</lang>
</p>
<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">He told The Daily Star that exporters were incurring losses as truckers were charging excessively high fares while there was possibility of cancellation of export orders for shipment delays.
</lang>
</p>

<block id="subarticle1" style="subarticle" width="0" >

	<hl2 id="Headline1" class="1" style="Headline2">
		<lang class="3" style="Headline2"  font="Blacker Pro Display" fontStyle="Regular" size="20">Liquidity stress </lang>
	</hl2>

	<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Bold" size="7">FROM PAGE B1
</lang>
</p>

	<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">It hiked its policy rate twice within a month to address the price instability.
</lang>
</p>

	<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">The policy rate, which is followed by banks to fix their interest rates on both loans and deposits, was raised by 50 basis points to 5.50 per cent on June 30.
</lang>
</p>

	<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">Another banker says that there is little possibility for the call money rate to go down any time soon owing to the spike in the policy rate.
</lang>
</p>

	<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">Clients are also withdrawing a significant amount of funds from banks on the occasion of Eid-ul-Azha to meet the expenses for buying sacrificial animals and other expenditures. 
</lang>
</p>

	<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">“This has also tightened the liquidity condition,” said Syed Mahbubur Rahman, managing director of Mutual Trust Bank. 
</lang>
</p>

	<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">Banks usually face liquidity pressure during Eid festivals in Bangladesh.
</lang>
</p>

	<p style=".Bodylaser">
	<lang class="3" style=".Bodylaser" font="Blacker Pro Display" fontStyle="Regular" size="9">“The call money rate might stabilise after Eid,” said Emranul Huq, managing director of Dhaka Bank. 
</lang>
</p>
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