BANGLADESH OKS JUTE FIRM CLOSURE

BANGLADESH OKS JUTE FIRM CLOSURE

Bangladesh has formally approved the closing of a loss-making state jute company, parliamentary officials said.

A bill for liquidation of Bangladesh Jute Corp. (BJC) was adopted by voice vote on Tuesday night, they said.The government had closed down the BJC last month, but the decision needed formal approval by Parliament to fulfill constitutional requirements, the officials said.