Finance Minister AHM Mustafa Kamal
Kamal leaves for India to join G20 summit
Bangladesh is one of the nine guest countries of the summit this year
9 banks waived Tk 8,405 crore interest in 2022: Kamal
4,621 loan recipients to get the benefit, the finance minister said at the parliament
A budget divorced from reality
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.
Stress on forex reserves to ease soon: Kamal
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.
Kamal proposes formulating rules for tax return preparers
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.
A bleak time to draw up budget
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.
Top 20 loan defaulters have Tk 19,283.93 crore in debt
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.
Kamal doesn’t know what is wrong with the banking sector
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.
Govt seeks more cheap loans from WB
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.
‘Govt determined to bring down bank loan interest to single digit’
Finance Minister AHM Mostafa Kamal tells parliament that the government is determined to bring down the bank loan interest to the single digit.
New VAT law from July: Kamal
The new VAT law with multiple rates will be implemented from July, said Finance Minister AHM Mustafa Kamal yesterday -- clearing uncertainty among the business community on when the much-delayed rule would finally take effect.
Cyber heist: Bangladesh Bank to file case with NY court by Jan
Bangladesh Bank will file a case with a New York court by this month over the cyber heist of its reserves in which $81 million was stolen nearly three years ago.
No non-performing loan from today: Finance minister
Finance Minister AHM Mustafa Kamal says there will be no non-performing loan (NPL) from as Bangladesh Association of Banks (BAB) is going to take necessary measures to check the loans.