Dhaka February 26, 2025, 12:35 pm
Leather sector representatives sought reduction of the source tax on export earnings to 0.25 percent from current 0.50 percent to offset their Covid-induced export loss
Holding its head high, Bangladesh has been moving forward leaving Pakistan behind in almost all economic and social indicators, becoming a role model of development
The leaders of NOAB and the Association of Television Channel Owners (ATCO) placed their proposals to the revenue authority in a pre-budget virtual meeting chaired by NBR chairman Abu Hena Md Rahmatul Muneem
Bangladesh Bank (BB) increased its gold holding to 13.5 tonnes from 3.5 tonnes earlier to minimise foreign currency valuation losses caused by the volatility in the global foreign exchange market
A licence holder will be allowed to import raw materials up to 80 percent of its annual production capacity
Government decided to lend from the forex reserve only to the public sector entities
Around 300 senior government officials, project directors, and ADB staff participated in the first such review meeting in 2021
The Anti-Corruption Commission (ACC) has warned the taxmen against black money accumulation by some people, showing income from fake fish, poultry and dairy farms or other businesses relating to stock of goods
The main reason behind the sizeable volume of aid remaining undisbursed is the failure of the government agencies to use it in time. The fund utilisation capacity of these agencies has not been improving
Allocation of the amount will be needed for availing the post-warrantee services that the company is set to provide until March 22, 2022
The data on cost and time of import-export was presented at a virtual meeting at the BIDA
Senior bankers predicted further fall in interest rates on fresh deposits in the coming months if the upward trend of excess liquidity in the banking system continues
The Government has decided to fix the public expenditure at 17.1% and 17.2% of the GDP in the next two fiscals as Prime Minister seeks to pull the economy out of the Covid-19 pit
Savings certificates’ net sales rose to as high as Tk 204.87 billion during July-December period, which is Tk 4.87 billion higher than the Tk 200 billion sales target set for the whole fiscal year
Current trend of inflation is a “good sign” hoping that such trend would continue in the coming months
The revisions will not, however, prevent the BB from pursuing the ongoing expansionary monetary policy until June next
Of the approved eight projects, six are new while two others are revised projects
The country received $11,046.36 million remittances during July to January in 2019-20 financial year
The central bank launched the scheme on July 27 this year to facilitate the collateral loans for the country’s small-scale entrepreneurs under CMS category to offset the effects of Covid-19 in their businesses
Department concerned of the NBR has started working to scrutinize the tax returns they have submitted for the current fiscal year 2020-21 (FY21)
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