Economy

Tariff cuts on some 350 items likely in new budget

Tariff cuts on some 350 items likely in new budget

A slew of business-friendly measures, including tariff cuts on nearly 350 items, may be stipulated in the upcoming national budget in a taxation remodelling by the new government. In a move to rationalise trade taxes, the National Board of Revenue (NBR) lately plans to reduce customs duty on

LDC graduation deferral decision due September

LDC graduation deferral decision due September

Bangladesh is expected to learn by September whether it will get additional time before graduating from Least- Developed Country (LDC) status, with United Nations bodies currently reviewing its request for a deferral amid economic challenges and ongoing reform efforts. The United Nations General A

'Economy being deregulated for open participation'

'Economy being deregulated for open participation'

Bonded-warehouse facilities will be extended to all exporters and all export-product raw-material imports to be duty-free under sweeping economic reforms being introduced in the new budget. Finance and Planning Minister Amir Khosru Mahmud Chowdhury Wednesday divulged the decisions, saying that the

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