According to Bangladesh Bank data, the Middle Eastern country of Oman was the ninth largest source of expatriate income in the country in the financial years 2021-22 and 2022-23. In the fiscal year 2021-22, 897.4 million dollars of expatriate income came from Oman to the country. In the fiscal year 2022-23, Oman remained at the ninth position despite a slight decrease. 79 million dollars came from the service.
In July of the fiscal year 2023-24, the expatriate income from the country was $120 million; 6 crore 47 million dollars came in August and 4 crore 24 million dollars came in September. In other words, in the first three months of the fiscal year, about 23 million dollars of expatriate income came from Oman. However, statistics show that expatriate income from there has decreased every month since July; Still, the country ranked fifth in the first three months.
Mostafizur Rahman, a special fellow of the research institute Center for Policy Dialogue (CPD), considers this situation to be worrying. He said, Oman’s decision not to grant this visa will affect the income flow of expatriates. But why exactly they took this decision should be investigated. It is necessary to understand whether they have decided to do more work with their own people like Saudi Arabia, or there is some other reason behind it. After that appropriate measures should be taken by Bangladesh.
Tags: Visa suspended Oman workers expatriate income feared decrease
