Bangladesh is one of the nine guest countries of the summit this year
4,621 loan recipients to get the benefit, the finance minister said at the parliament
Self-contradictory is what best describes Finance Minister AHM Mustafa Kamal’s fifth budget, and the last of the Awami League-led government’s current term.
Finance Minister AHM Mustafa Kamal today in his budget speech hoped that the ongoing stress in the foreign exchange reserves would improve in a short period of time.
Finance Minister AHM Mustafa Kamal today proposed formulating rules for authorising tax return preparers (TRPs) in Bangladesh with a view to expanding the tax net by adding more individual taxpayers.
In June last year when Finance Minister AHM Mustafa Kamal placed the budget in parliament, inflation had already been creeping up and the foreign currency reserves were on the decline. These two had derailed the full economic recovery from a two-year crisis wrought by the Covid pandemic.
The top 20 defaulters in the country have a total debt of Tk 19,283.93 crore while the amount of defaulted loans is Tk 16,587.92 crore.
Islami Bank, Social Islami Bank and First Security Islami Bank lent about Tk 9,500 crore under suspicious circumstances, as reported by different media. Of the sum, Tk 7,246 crore has been taken from Islami Bank alone.
The government yesterday sought more loans in concessional terms from the World Bank despite being the largest recipient of such funding as well as more budget support as it looks to shake off the impacts of the pandemic and the Ukraine war.
A Chinese company has been given the charge of collecting tolls of the "Bangabandhu Sheikh Mujibur Rahman Tunnel" built under the Karnaphuli river in Chattogram.
The government finally raised its guard against the dwindling dollar reserves, putting its employees’ foreign tours on hold and deferring projects that require much imports.
Arguing for the recent diesel prices hike, Finance Minister AHM Mustafa Kamal today said the government has spent huge for safety net programmes without printing any sum of money.
Although the economy is facing numerous challenges, the government is hopeful about addressing them as it sees the obstacles as opportunities, Finance Minister AHM Mustafa Kamal said today.
Finance Minister AHM Mustafa Kamal has proposed to reduce tariffs on microbus import to discourage the use of accident-prone vehicles like Nasimon and Karimon and to encourage the use of microbuses as an alternative public transport.
Finance Minister AHM Mustafa Kamal has proposed to promote the “Made in Bangladesh” brand to accelerate establishment of mega industries and production of import-substitute industrial goods in the country.
Finance Minister AHM Mustafa Kamal today proposed changes to duties on different products, which will result in increase and decrease in their prices.
The next budget to be presented at the parliament will make it clear whether the scope for whitening the black money will be there in the next fiscal year or not, Finance Minister AHM Mustafa Kamal said today.
Finance Minister AHM Mustafa Kamal today said that the government will look out for the interests of the business community even if there is some loss to the banks at the moment.
Finance Minister AHM Mustafa Kamal today said the government will consider the proposal for the withdrawal of duty on onion imports.
