Economy

Banks' reliance on central bank  borrowing hits record high

Banks' reliance on central bank borrowing hits record high

Bangladesh's commercial banks are increasingly leaning on the central bank to stay afloat, with borrowing through the repo window hitting a record Tk 1.33 trillion in May 2025, signaling a worsening liquidity crunch in the country's banking system. The growing reliance on Bangladesh Bank's short-t

Zero-rated tax on 152 imports goes

Zero-rated tax on 152 imports goes

Zero-rated tax benefit on 152 items, mostly essentials like rice, wheat, onions and edible oils, goes as the new budget takes effect on July 1 with some major changes in fiscal measures. Importers of the goods would be required to pay 2.0-percent Advance Income Tax (AIT) from the upcoming fiscal y

Tax hike proposal on listed firms eased

Tax hike proposal on listed firms eased

In the face of mounting pressure, the Advisory Council of the interim government has offered a conditional relief to the corporate tax rate proposed in the FY2025-26 budget for publicly listed companies that floated 10 percent or less of their paid-up capital via IPOs. In the budget, approved by t

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