A massive refinancing and support fund worth Tk 600 billion has been launched to reinvigorate Bangladesh's slowing private-sector-led economy with vibrant business activity. Generating employment for over 2.50 million people is among cardinal objectives of the stimulus package Bangladesh Bank (BB)
Bangladesh’s economy is set to cross a historic milestone as the size of the Gross Domestic Product (GDP) is estimated to surpass the half-trillion-dollar mark in the current fiscal year (FY2025-26), according to provisional estimates released by the Bangladesh Bureau of Statistics. The coun
Bangladesh Bank (BB) on Wednesday launched a comprehensive nationwide promotional campaign to expand unified digital payments through 'Bangla QR' ahead of its formal operations set for July 1, 2026. As part of the digital cash push, Governor of Bangladesh Bank Md. Mostaqur Rahman inaugurated the c
Finance Minister Amir Khosru Mahmud Chowdhury on Tuesday said the government has intensified banking-sector reforms, strengthened deposit protection and tightened measures against loan defaulters in an effort to restore public confidence and improve financial stability. Responding to a question fr
Finance Minister Amir Khosru Mahmud Chowdhury on Tuesday blamed political uncertainty, weak investment, sluggish trade and industrial activity, and supply-chain disruptions for the government’s failure to meet revenue targets over the past two fiscal years. He told parliament that a combinat
Overcoming Bangladesh's current macroeconomic challenges relies largely on the political will of those in power, economist Masrur Reaz says. According to him, progress will only be possible if there is a clear political commitment to prevent any particular group from holding the economy hostage.
Commerce Minister Khandakar Abdul Muktadir on Monday told Parliament that the country's trade deficit increased by nearly US$ 8 billion over the five fiscal years, reaching US$ 24.16 billion in FY25 from $ 16.24 billion in FY21, for what he described as wrong policies of the previous governments.
The National Board of Revenue (NBR) has extended the deadline for businesses to enter previously submitted paper-based VAT returns into the electronic VAT (e-VAT) system until June 30, 2026, ahead of the planned introduction of mandatory online VAT return filing from July. According to an NBR pres
The first budget session of the 13th parliament started at 3:00 pm on Sunday. On the first day of the session with Speaker Hafiz Uddin Ahmad, Bir Bikram in the chair, a condolence motion was adopted in the House, expressing grief at the death of 16 former ministers and MPs, including Tofail Ahmed
Prime Minister’s Adviser on the ministries of Finance and Planning Dr. Rashed Al Mahmud Titumir has said that the government is working on a new economic model aimed at transforming Bangladesh into a one-trillion-dollar economy by 2034, while ensuring that the benefits of growth reach all sec
Exchange-rate depreciation and higher real interest rates have significantly contributed to the rise in non-performing loans (NPLs) in the banking sector, which stood at 32.26 per cent at the end of March, according to a study conducted by a local think-tank. Stronger economic growth is believed
As a big new budget worth Tk 9.38 trillion comes within days now, finance officials themselves appear sceptical whether the government can finance it with limited sources of earning as of now. Officials say the government is setting a target of collecting Tk 6.95 trillion as revenue in the fisca
Bangladesh is going to borrow a costly US$300-million budgetary support from Japan as the new BNP administration aggressively searches funds for minimising hefty deficit in budget financing, officials say. The government had decided not to go for taking fresh loan with Japan's newly imposed higher
