Pakistan's trade deficit with nine neighbouring countries expanded by 43.22 per cent during the first half of the current fiscal year from July 2024 to June 2025, according to the State Bank of Pakistan (SBP). The data presented at the SBP website on Sunday showed that the widening trade deficit i
Bangladesh now sees its current-account balance turn surplus, after months, mainly as significant growth in remittance and export helps out, official statistics show. This means the country is a net creditor to the rest of the world. The data with the central bank of Bangladesh show that the curr
Remittances sent by expatriate Bangladeshis in January of the current fiscal year dropped by more than 17 per cent to $2.19 billion compared to December 2024. However, year-on-year, the figure increased by 3.4 per cent, according to data released by the Bangladesh Bank on Sunday. Despite the mont
Despite reducing foreign aid allocations in its 2025-26 budget, India has kept its financial support for Bangladesh unchanged. For the upcoming fiscal year, India has allocated Rs 54.83 rupees for foreign aid, down from Rs 58.06 billion in the current fiscal year, reports bdnews24.com. Acco
The central bank has constituted a five-member committee to select industries and business entities, which were badly affected by reasons beyond their control, before providing policy support for their revival. The committee will design the nature of support to borrowers with outstanding loans exc
The National Board of Revenue (NBR) has extended time for submission of individual tax return until February 16, 2025 and for corporate taxpayers until March 15, 2025. The deadline for individual taxpayers was scheduled to expire on January 31, 2025, and corporate taxpayers on February 16, 2
Bangladesh Bank (BB) is set to unveil its new monetary policy for the next six months in February, foregoing an increase in the policy rate amid concerns over the rising cost of production and sluggish private sector credit growth, officials said, reports UNB. They said the central bank&rsqu
Over the past decade, the manufacturing sector’s contribution to the national economy has declined compared with the previous 10 years, according to the economic census by the Bangladesh Bureau of Statistics (BBS), reports bdnews24.com. Preliminary findings from the 2024 census reveal
Bangladesh's economic activities at the household level swelled tremendously over the last one decade, showing an increasing trend of entrepreneurship among rural people, the 2024 Economic Census report unveiled by the Bangladesh Bureau of Statistics (BBS) on Wednesday said. It said the number of
Finance Adviser Dr Salehuddin Ahmed on Monday said that increasing the efficiency of the National Board of Revenue is essential for business growth. At the same time, he called for increasing competitiveness of local businesses in light of the country's upcoming LDC graduation through maintaining
The Bangladesh Bank (BB) on Sunday said banks from now on would be allowed to apply forward premium to the foreign-exchange market to maintain orderly discipline. However, the forward premium must not exceed the policy rates of various global currencies, such as the US Dollar (USD): Federal Funds
The government has slashed the tax revenue collection target to Tk 4.635 trillion for the current fiscal year following a negative growth in collection in the first six months. Officials of the National Board of Revenue (NBR) confirmed the downsized targets on Sunday. The original target was Tk 4
Bangladesh Customs should assist the authorities in collecting revenues and ensure that the collection is not done forcefully, Finance Advisor Salehudddin Ahmed has said, reports bdnews24.com. Speaking at the International Customs Day event organised by the National Board of Revenue, or NBR,
