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.
Cigarettes will be costlier as the finance minister AHM Mustafa Kamal proposed to increase supplementary duty on tobacco consumption.
The price of gold is likely to decline as Finance Minister AHM Mustafa Kamal today proposed withdrawal of VAT on import of gold.
Finance Minister AHM Mustafa Kamal proposed to allocate Tk 10,000 crore to fulfil the emergency requirements to combat the Covid-19 pandemic.
Finance Minister AHM Mustafa Kamal requests Asian Infrastructure Investment Bank (AIIB) to provide continuous support to minimise the effects of the financial crisis caused by the coronavirus outbreak and the resultant nationwide shutdown.
Finance Minister AHM Mustafa Kamal seeks more assistance from Asian Development Bank (ADB) to tackle the financial crisis thanks to the coronavirus outbreak.
Finance Minister AHM Mustafa Kamal says Bangladesh could lose 1.1 percent of its GDP growth due to the coronavirus pandemic.
Finance Minister AHM Mustafa Kamal says the interest rate on postal savings will go up again from March 17, once the automation process of the Directorate of Posts is completed.
Shares of five government banks will be on offer by October 31, Finance Minister AHM Mustafa Kamal says.
Two ministers come down heavily on the officials of Roads and Highways Department (RHD) for poor planning and maintenance of roads that causing people’s suffering and wasting public money.
Finance Minister AHM Mustafa Kamal has criticised Centre Policy Dialogue (CPD) for its remarks that the ratio of private investment to GDP has been hovering around 23 per cent for the last few years.
