Pakistan, Russia ink landmark deal to revive steel mills, build new plants in Karachi
Pakistan, Russia ink landmark deal to revive steel mills, build new plants in Karachi

Pakistan and Russia signed an agreement on Friday to restore operations at the long-dormant Pakistan Steel Mills (PSM) and to establish new steel manufacturing plants in Karachi. The deal in a historic step toward reviving Pakistans industrial backbone signals a fresh phase of strategic industrial...

Rizvi calls for early elections, rejects reform rhetoric
Rizvi calls for early elections, rejects reform rhetoric

BNP Senior Joint Secretary General Ruhul Kabir Rizvi has called on the interim government to announce early national elections, warning that the public is being misled by empty reform promises. Speaking Friday morning at a doa mahfil in front of the partys central office in Nayapaltan, Rizvi...

Trump threatens 35% tariff on Canadian goods, hints at global trade escalation
Trump threatens 35% tariff on Canadian goods, hints at global trade escalation

US President Donald Trump has threatened to impose a 35% tariff on Canadian goods starting August 1, significantly escalating trade tensions between the United States and Canada. The warning came alongside Trumps broader suggestion that tariffs on other trading partners could be increased to 20%,...

Govt opens strong policy to boost investment, national savings
Govt opens strong policy to boost investment, national savings

The Government of Bangladesh has introduced a comprehensive policy package aimed at stimulating investment and strengthening national savings. The move is part of a broader strategy to ensure a high-growth, sustainable, and self-reliant economy, particularly as the country transitions beyond its...

This is nothing short of a cruel joke on investors
This is nothing short of a cruel joke on investors

Calling for industrial investment while preserving the very causes of economic decay is no less than a mockery. Bangladeshs economy is faltering under the weight of structural neglect, with factories closing, unemployment rising, and investor confidence at an all-time low. Yet, officials continue...

Vegetable prices surging across Dhaka as supply drops
Vegetable prices surging across Dhaka as supply drops

Vegetable prices in Dhaka have continued to rise for the past two weeks, straining household budgets and affecting daily sales for market vendors. Most vegetables were selling on Friday between Tk 60 and Tk 80 per kilogram, with some items priced even higher depending on quality and location. In...

Asian shares mixed as Trump’s tariff deadline nears; US stocks reach record highs
Asian shares mixed as Trump’s tariff deadline nears; US stocks reach record highs

Asian stock markets closed mixed on Friday amid cautious sentiment ahead of President Donald Trumps tariff deadline set for July 9. Japans Nikkei 225 fell 0.6% to 39,762.20, reversing earlier gains, while South Koreas KOSPI dropped 1.2% to 3,078.31. Hong Kongs Hang Seng declined 0.6%, settling at...

Trading begins with index fall in Bangladesh’s both bourses
Trading begins with index fall in Bangladesh’s both bourses

Trading on both stock exchanges in Bangladesh -- the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) -- began on a downward trend on Monday, the second working day of the week, with most company share prices witnessing a decline, reports UNB. During the first hour of trading...

IMF flags 4 major risks to BD economy, approves $1.37B in new loan tranches
IMF flags 4 major risks to BD economy, approves $1.37B in new loan tranches

The International Monetary Fund (IMF) has identified four critical challenges currently pressuring Bangladeshs economypolitical uncertainty, tighter monetary and fiscal conditions, trade restrictions, and continued instability in the banking sector. Despite these concerns, the IMF has approved the...

Bangladesh Bank aims to bring inflation down to 5%: Governor
Bangladesh Bank aims to bring inflation down to 5%: Governor

Bangladesh Bank Governor Dr. Ahsan H Mansur has said that the central bank aims to bring inflation down to 5 percent, setting a more ambitious target than the governments goal of 6.5 percent. He made the remarks on Tuesday while speaking at the inauguration of the Google Pay service at a hotel in...

Proposed budget 'traditional', lacking major reform approaches: CPD Seminar
Proposed budget 'traditional', lacking major reform approaches: CPD Seminar

Speakers at a seminar on Sunday criticized the proposed national budget for the fiscal year 2025-26, calling it traditional and claiming it offered little innovation to address Bangladeshs current economic challenges. The seminar, titled CPD Budget Dialogue 2025: An Analysis of the National Budget...

Dubai-based Careem suspends ride-hailing operations in Pakistan
Dubai-based Careem suspends ride-hailing operations in Pakistan

Careem, Ubers ride-hailing arm in the Middle East, will suspend its Pakistan service on July 18, citing economic challenges, rising competition, and capital constraints, ending its core business in a country where it helped pioneer app-based transport nearly a decade ago. The move underscores...

Finance ministry sees steady economic recovery
Finance ministry sees steady economic recovery

Bangladeshs economy is set to grow steadily over the medium term, with key sectors agriculture, industry, and services showing signs of gradual recovery, according to a new projection by the finance ministry. The Medium-Term Macroeconomic Policy Statement, released recently, estimates that the...

China bans banks from luring customers with popular 'Labubu' dolls
China bans banks from luring customers with popular 'Labubu' dolls

Chinese financial regulators have imposed a blanket ban on banks offering promotional gifts including toys and home appliances to attract new customers, after a high-profile marketing campaign featuring popular Labubu dolls drew widespread attention online. The National Financial Regulatory...

Classified loans soar to Tk4.2 lakh crore, threatening financial stability
Classified loans soar to Tk4.2 lakh crore, threatening financial stability

Bangladeshs banking sector has entered a critical stage as classified loans have ballooned to Tk4,20,334.94 crore by the end of March 2025. This figure now represents 24.13 percent of all disbursed loans, reflecting a sharp deterioration in credit health and exposing systemic risks to the countrys...

Iran slams new US sanctions, calls them 'inhumane, futile'
Iran slams new US sanctions, calls them 'inhumane, futile'

Iran has sharply criticized the United States for imposing a new set of sanctions on more than 30 Iranian individuals and entities, calling the move a continuation of Washingtons entrenched hostility toward the Iranian people, reports IRNA. Esmaeil Baqaei, spokesperson for Irans Foreign...

Rawhide market disappoints again as prices stay below Tk 1,000 despite govt hike
Rawhide market disappoints again as prices stay below Tk 1,000 despite govt hike

Despite a government-mandated price hike, the rawhide market once again fell short of expectations during Eid-ul-Azha, leaving traders across Dhaka and surrounding areas frustrated as they were forced to sell below official rates, reports UNB. This year, the Ministry of Commerce increased the...

It’s deeply unsettling that no economic roadmap has been laid out: Debapriya Bhattacharya
It’s deeply unsettling that no economic roadmap has been laid out: Debapriya Bhattacharya

Eminent economist Dr. Debapriya Bhattacharya has voiced strong criticism of Bangladeshs interim government, citing its failure to present a clear economic roadmap ahead of the upcoming national budget. Speaking in an interview with a national daily, Dr. Debapriya, a distinguished fellow at the...

A deep conspiracy to cripple Bangladesh’s economy
A deep conspiracy to cripple Bangladesh’s economy

Bhat debar murod nai, kill debar gosai (No means to nourish, only a mind to punish). This old saying now mirrors the mood of a nation as Bangladeshs interim government, under Dr. Muhammad Yunus, seemingly presides over a deliberate dismantling of the economy. Citizens are battling rampant...

Is Bangladesh fueling its debt crisis by strangling the private sector?
Is Bangladesh fueling its debt crisis by strangling the private sector?

The ancient Charvakas philosophy of while life remains, let a man live happily, let him feed on ghee even though he runs in debt may have sounded appealing in another age, but it holds no place in todays economy. Everyone now understands that unchecked borrowing leads to stagnation, dependency, and...

Khosru slams capital market as ‘casino,’ urges sweeping reforms
Khosru slams capital market as ‘casino,’ urges sweeping reforms

BNPStanding Committee Member Amir Khasru Mahmud Chowdhury has delivered a scathing critique of Bangladeshs capital market, likening it to a casino manipulated by a small group of insiders for personal gain. Speaking at a seminar titled Capital Market in Bangladeshs Political Discourse:...

'Quick-fix remedies like foreign experts won’t fix stock market'
'Quick-fix remedies like foreign experts won’t fix stock market'

Quick fixes like appointing foreign experts will not resolve the underlying issues in Bangladeshs stock market, said Debapriya Bhattacharya, distinguished fellow at the Centre for Policy Dialogue (CPD). We have a notion that foreign experts will solve all problems. The stock market wont be...

Media trial destroying the nation
Media trial destroying the nation

A new weapon in the destruction of the nation has emerged the media trial. Beyond depoliticising public discourse, such trials are crippling the countrys economy. Misinformation and rumours are being widely spread, instilling fear and confusion among the public. Not only social media, but even...

Business leaders confront an undeclared war
Business leaders confront an undeclared war

Businessmen and entrepreneurs across Bangladesh are confronting what they describe as an undeclared war against the countrys commercial sector. Reports of harassment, bank account freezes, fabricated legal charges, and extortion have emerged from Dhaka to industrial hubs nationwide, threatening to...

Reserve Bank of Australia cuts interest rate to 3.85% in second cut this year
Reserve Bank of Australia cuts interest rate to 3.85% in second cut this year

Australias Reserve Bank reduced its benchmark interest rate by 0.25 percentage points to 3.85% on Tuesday, marking the second rate cut this year. This move follows a steady decline in inflation, which has now fallen within the central banks target range of 2% to 3%. The cash rate was previously...

Tariff rollback eases China layoff crisis, but job market struggles continue
Tariff rollback eases China layoff crisis, but job market struggles continue

Chinese factory worker Liu Shengzun lost two jobs in April as U.S. tariffs surged, forcing shutdowns at a Guangdong lighting plant and a shoe factory. Though a recent tariff rollback has helped calm fears of widespread layoffs, Liu has abandoned the search for factory work and returned to...

Oil prices jump more than 3% after China, US tariff suspension
Oil prices jump more than 3% after China, US tariff suspension

Oil prices rose sharply on Monday. The increase came after China and the United States agreed to pause their trade war. Both countries decided to suspend major tariffs and work on reducing tensions. West Texas Intermediate rose by 3.6 percent to $63.24. Brent crude climbed 3.4 percent to...

US-China agree to 90-day mutual tariff reduction in breakthrough deal
US-China agree to 90-day mutual tariff reduction in breakthrough deal

The United States and China have agreed to a temporary reduction of tariffs imposed on each others imports in a major development for international trade. US Treasury Secretary Scott Bessent announced that both countries will lower their respective tariffs by 115% for a duration of 90 days. The...