Word: jute
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Economic Stability. More than a million homes have been rebuilt, and all but a hundred or so of the 561 more important bridges in the riverine delta region have been repaired. Jute exports, the prime source of foreign exchange, have also begun to flow from the ports...
...ability to marshal public opinion in East Bengal by blaming all of its troubles on its former rulers in West Pakistan. He has a tendency to make extravagant promises, and to oversimplify complex economic and agricultural problems. "My brothers," he once told a gathering of East Pakistani jute farmers, "do you know that the streets of Karachi are paved with gold, and that it is done with your money earned from exporting jute...
...Union to help with reconstruction. Poland and Bulgaria have also offered to enter trade pacts with Bangladesh. A more immediate problem was to prevent a possible massacre of 30,000 Biharis who were in a virtual state of siege within the workers' quarters and factory facilities of a jute mill near Dacca. The non-Bengali Moslems have reaped a whirlwind of anger because many of them collaborated with the Pakistani army throughout the nine-month civil war. Indian troops surrounded the mill to protect them, but food supplies were dwindling and a cholera outbreak was reported. Bengali anger, moreover...
...children were said to have died in a Dacca orphanage when a piston-engine plane dropped three 750-lb. bombs on the Rahmat-e-Alam Islamic Mission near the airport while 400 children slept inside. Earlier in the week, two large bombs fell on workers' shanties near a jute mill in nearby Narayan-ganj, killing 275 people...
...nowhere to go but up. As Pakistan's eastern wing, it contributed between 50% and 70% of that country's foreign exchange earnings but received only a small percentage in return. The danger to East Bengal's economy lies mainly in the fact that it is heavily based on jute and burlap, and synthetic substitutes are gradually replacing both. But if it can keep all of its own foreign exchange, as it now will, it should be able to develop other industries. It will also open up trade with India's West Bengal, and instead of competing with India...