Chairman of the National Board of Revenue (NBR) Abdur Rahman Khan said that they have gradually been adopting information technology to improve compliance, expand the tax base and reduce human discretion in revenue administration. "With digital data, we can analyse taxpayer behaviour and assess th
Bangladesh’s ongoing energy crisis may ease temporarily, but it cannot be fully resolved without a decisive shift to renewable energy, said the Centre for Policy Dialogue (CPD) on Monday. “We must think beyond fossil fuels,” CPD Research Director Dr Khondaker Moazzem said at
Foreign direct investment (FDI) in Bangladesh has declined over the last five years but is expected to start recovering from 2025. However, the current volume is about US$1.77 billion, which is still lower than the 2019 level. Experts say Bangladesh has improved in many investment areas, but it n
Commerce Minister Khandaker Abdul Muktadir on Sunday invited Switzerland to invest in Bangladesh's service sector to strengthen relations between the two countries. He also asked the Swiss government to support Bangladesh's request for a three-year extension in its LDC graduation process. The iss
Bangladesh can increase its tax revenue from the current level of less than 7 per cent of GDP to around 15 per cent without raising tax rates by ensuring transparency, accountability and greater efficiency in tax administration, experts and economists said. They stressed the need for urgent reform
Islamic banks in Bangladesh posted moderate year-on-year growth in deposits and investments in February 2026, with deposits rising 9.27 per cent to Tk 4.76 trillion and investments increasing 11.38 per cent to Tk 5.88 trillion, indicating a gradual return of confidence in the sector. However, mont
Reinstating the package-VAT system to bring marginal businesses under the tax net is now under active consideration of the government, as compliance with the existing value-added-tax regime remains weak, sources say. Officials at the National Board of Revenue (NBR) say the move is being made targe
Bangladesh can improve its livestock and dairy production by adopting Brazilian technology and through knowledge transfer, as the South American country boosted its production manifold over the last four decades, experts say. At the end of 2024, Brazil solidified its status as a global agricultu
Bangladesh has called for urgent global action to narrow the widening SDG financing gap and build a fair, inclusive financial system while seeking a smooth and sustainable graduation from LDC status. The call was made by Bangladesh Permanent Representative to the UN Salahuddin Noman Chowdhury whil
The Finance Ministry has approved the release of Tk 20.67 billion in subsidies to settle outstanding bills of private power plants for March, aiming to ease financial strain in the power sector and ramp up generation. The subsidy will be directed to the Bangladesh Power Development Board (BPDB) to
Speakers at a roundtable on Tuesday stressed for investment focusing on women and girls with impact assessment to get multiple benefits and ensure their economic empowerment. Emphasising the need for economic empowerment not only to mitigate risks but also for financial security, they recommended
Finance Minister Amir Khosru Mahmud Chowdhury today (Tuesday) said in Jatiya Sangsad that the government plans to revitalize banks and support private sector recovery through budgetary measures and cooperation with multilateral organizations. “This is a large deficit and can’t be resol
Inflow of remittances witnessed a year-on-year growth of 16.2 percent reaching US$1,968 million in the first 18 days of April, according to the latest data of Bangladesh Bank (BB) issued today (Sunday). Last year, during the same period, the country's remittance inflow was $1,694 million, BSS
