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
Returning the five merged Islamic banks to their former shareholders might prove difficult for the government as major development partners dislike the reversion move, officials says. The new government last month passed the Bank Resolution Act 2026 amending the Bank Resolution Ordinance 2025 unde
Economic Reporters’ Forum (ERF) President Doulot Akter Mala has said the government should think about a different fiscal policy for small and medium industries (SMEs) so that they can come under the tax net with a tolerable tax rate. “If we impose an unaffordable tax rate for any sect
The government must ensure greater transparency in how tax revenue is spent before asking businesses to carry a heavier tax burden, Showkat Aziz Russell, President of the Bangladesh Textile Mills Association (BTMA), said today. He made the remarks while speaking as a panellist at the ICAB-FE
Bangladesh must urgently modernise its fiscal infrastructure to address its critically low tax-to-GDP ratio, Kamran T. Rahman, President of the Metropolitan Chamber of Commerce and Industry (MCCI), said today. He made the remarks while speaking as a panellist at the ongoing ICAB-FE pre-budget roun
Digital accounting is no longer optional for Bangladesh, as it is now imperative for ensuring financial transparency, reducing tax evasion and improving revenue collection, Sabbir Ahmed, FCA, Council Member of ICAB, said today. He made the remarks while presenting the keynote paper at the ongoing
A pre-budget roundtable discussion jointly organised by The Financial Express (FE) and the Institute of Chartered Accountants of Bangladesh (ICAB) began today at CA Bhaban in the capital’s Karwan Bazar area. The event is scheduled to be held from 11:00 am to 1:00 pm and will focus on issues
A pre-budget roundtable discussion, jointly organised by The Financial Express (FE) and the Institute of Chartered Accountants of Bangladesh (ICAB), is set to begin shortly at CA Bhaban in the capital's Karwan Bazar area. The event, scheduled from 11:00 am to 1:00 pm today (Thursday), will f
Bangladesh Bank Governor Mostaqur Rahman has called the administrators of the state-owned Sammilito Islami Bank (SIB) to a meeting on Wednesday. The meeting, scheduled for 2pm at the BB Headquarters, comes amid growing uncertainty among depositors and employees about the bank’s operational s
In a major move to promote eco-friendly transportation, Bangladesh Bank has doubled the personal loan ceiling and significantly increased the limit for car loans, specifically targeting electric and hybrid vehicles. According to a circular issued by the central bank on Tuesday (May 5), a person ca
Bangladesh Bank (BB) on Tuesday purchased $50 million from three commercial banks through multiple auction methods. According to central bank data, it bought dollars at the rate of TK 122.75. Accordingly, total purchases stood at $80 million in May 2026 and $5,753.50 million in FY 2025-26. Sourc
An internal Bangladesh Bank (BB) document has revealed significant exposure of the country’s banking sector to high-risk of defaulted loans linked to six major business conglomerates. The confidential analysis highlights widespread vulnerabilities across multiple banks, raising concerns over
Bangladesh sees around 14-percent annualised growth in remittance earning in April with expatriates having funneled US$3.12 billion into the country in the just-past month. With the latest monthly inflow, the economy of over $460 billion enjoyed inner remittance amounting to over $3.0 billion each
