Apparel exports to the United States, the single-largest market for made-in-Bangladesh clothing, sustained double-digit growth during the first two months of 2025. Bangladesh fetched $1.50 billion from the US market during the January-February period of 2025, marking 26.64 per cent growth from $1.
The National Board of Revenue (NBR) has taken a move to expand its Value Added Tax (VAT) base, with a view to increase revenue collection for the national exchequer. In a meeting chaired by NBR chairman Md Abdur Rahman Khan on Thursday, the field level officials of Dhaka have been asked to be more
An International Monetary Fund (IMF) team arrives today to review progress on its various prescribed recommendations before disbursement of the fourth and fifth tranches of a $4.7-billion lending package for stabilising Bangladesh's macroeconomic situation. The team is expected to kick off a serie
In an executive order, US President Donald Trump has imposed a 37 per cent tariff on Bangladeshi products and others, sparking concerns among economists and apparel industry stakeholders. They fear this move will exert significant pressure on Bangladesh's economy, urging it to diversify its econom
The Chief Advisor’s Office says that the government is looking to review tariffs on US products after President Donald Trump announced a 37 percent tariff on Bangladeshi exports. In a Facebook post on Thursday, Shafiqul Alam, press secretary to the chief advisor, wrote: “Bangladesh is
The United States has imposed a 37 per cent reciprocal tariff on goods imported from Bangladesh. As part of a broader policy to adjust tariffs on products from various countries, US President Donald Trump announced the new tariff measure. Previously, Bangladeshi exports to the US faced an average
The country's home-textile exports bounced back in the current fiscal year after a continuous negative growth for the last two FYs, riding mainly on increased orders by global buyers. Bangladesh fetched US$577.99 million during July-February period of FY 2024-25, recording about 5.23 per cent grow
Bangladesh received US$18.49 billion in remittances during the first eight months of this fiscal year in a steady growth, with the United States topping the list of major contributors. As usual, Dhaka division, wherein lies the nation's capital, netted the largest share of the foreign-currency inf
Bangladesh will need to add Tk 570 billion to its tax-to-GDP ratio under one of updated conditions the IMF sets for releasing the remaining US$2.39 billion from its lending package. Officials say the International Monetary Fund (IMF) is set to revise the target for enhancing the country's tax-GDP
Bangladesh Bank has delivered positive news regarding the country’s foreign exchange reserves, as it surpassed $25 billion before the end of March, following a record inflow of remittances this month. According to data released by the central bank on Thursday, the country’s gross reser
The inter-bank call money rate remained almost stable on Thursday, the last working day before the Eid-ul-Fitr festival, as banks managed their funds efficiently with the help of the central bank. The weighted average rate (WAR) of call money rose to 10.01 per cent on the day from 9.85 per cent of
Bangladesh, for the first time, is set to cross US$3.0 billion in remittance earnings in March, as $2.945 billion has already been fetched as of March 26. According to Bangladesh Bank sources, which compile figures from all banks, on the last banking day on Thursday (March 27), remittances will cr
Bangladesh has set a new record in remittance earnings, reaching an all-time high of $2.749 billion in just 24 days of March, with two more banking days remaining. According to Bangladesh Bank data, which compiles figures from all banks, this is the highest-ever monthly remittance inflow through l
