Economy

Frame down-to-earth budget, avoid overly ambitious targets

Frame down-to-earth budget, avoid overly ambitious targets

Policy experts suggest the new government should adopt a realistic fiscal framework for the upcoming national budget as overly ambitious targets could worsen macroeconomic pressures amid geopolitical tensions and domestic economic challenges. To make it, the Centre for Policy Dialogue (CPD)

Middle East crisis pushes dollar rate to Tk 123 for import LCs

Middle East crisis pushes dollar rate to Tk 123 for import LCs

The ongoing crisis in the Middle East has begun to impact Bangladesh’s foreign exchange market, driving up the price of the US dollar for both remittance procurement and import payments. On Tuesday, commercial banks were seen purchasing remittance at a maximum rate of Tk 122.90 per dollar. C

BB assigns observers to 4 private banks

BB assigns observers to 4 private banks

Bangladesh Bank has appointed observers to the boards of four private banks struggling with financial irregularities and bad loans It marked the first such move under new Governor Md Mostaqur Rahman on Monday. The banks are National Bank, Premier Bank, IFIC Bank, and Al-Arafah Islami Bank. Four

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