A much-contended move to bifurcate the National Board of Revenue (NBR) looks poised to cease automatically as the finance ministry finds the relevant ordinance promulgated by the interim administration incomplete. The ordinance for splitting the NBR into two divisions -- Tax Policy and Tax A
The Asian Development Bank (ADB) on Tuesday announced a financial support package to help its developing member countries (DMCs) mitigate the economic and financial impacts resulting from the conflict in the Middle East. “ADB will deliver rapid, flexible, and scalable assistance to hel
British Prime Minister Keir Starmer is set to chair an emergency meeting on the economic fallout from the war in Iran on Monday, with finance minister Rachel Reeves and Bank of England Governor Andrew Bailey in attendance, the government said. Investors are bracing for another stormy week in fina
Bangladesh's state-run Petrobangla has sought an additional US$350-million loan guarantee from the World Bank to augment LNG imports amid escalating Middle East tensions and soaring global fuel prices. "We have requested the Economic Relations Division (ERD) to expedite the funding to facilitate t
As the war in the Middle East prolongs, affecting Bangladesh's already weakened economic base, a number of development partners have come up with proposals to provide higher volumes of budget support credit to help offset the impacts of the conflict. Finance Division officials say there is no sign
