Dhaka, June 28 -- Bangladesh has launched high-level negotiations in Jeddah, Saudi Arabia, to secure a US$3.30 billion trade financing package from the International Islamic Trade Finance Corporation (ITFC) to finance imports of fuel, liquefied natural gas (LNG) and fertiliser in fiscal year 2026-27, officials said on Saturday.

The four-day annual financing planning meeting, scheduled for June 27-30, is being led by Economic Relations Division (ERD) Secretary Shahriar Kader Siddiky.

Officials from the Energy and Mineral Resources Division (EMRD), Bangladesh Petroleum Corporation (BPC), Petrobangla and the Ministry of Agriculture are also participating in the negotiations with the ITFC, the trade finance arm of the Islamic Development Ba...