All parties involved agreed to raise wages across 6 of the 7 pay grades, leaving the minimum wages unchanged at 8,000 taka ($95), Commerce Minister Tipu Munshi told reporters after a meeting of the panel.
Low wages and trade deals with Western countries have made the sector a $30 billion industry accounting for 80 percent of Bangladesh's exports, making Bangladesh the world's second-biggest garment exporter behind China.
Earlier on Sunday, Siddiqur Rahman, president of the Bangladesh Garment Manu-facturers and Exporters Association (BGMEA) had threatened to cut off workers' pay if they did not return to work. "If you don't return to your work by tomorrow, you will not be paid any wages and we will shut down factories for an indefinite period," he said.