Donor organizations positive in financial assistance
Donor organizations positive in financial assistance

Finance adviser Dr Salehuddin Ahmed has called on the banks to stand by their customers in their happiness and sorrow, rather just collecting the installments. He made the call while addressing a conference with Karmasangsthan Bank officials at Bidyut Bhaban on Sunday. The adviser said that...

South Korean special envoy to visit Bangladesh Jan 22-23
South Korean special envoy to visit Bangladesh Jan 22-23

Special Envoy of the Minister of Foreign Affairs of the Republic of Korea Ambassador Lee Jeongkyu will pay a goodwill visit to Bangladesh on January 22-23 to explore ways to expand bilateral relations between the two countries. Lee Jeongkyu will have courtesy meetings with Finance Adviser Dr...

VAT hike to have no impact on essential goods prices: Finance Adviser
VAT hike to have no impact on essential goods prices: Finance Adviser

Finance Adviser Dr Salehuddin Ahmedassured that the recent decision to increase VAT on 43 items will not impact the prices of essential goods. He made this remark while speaking to the media following a meeting of the Advisory Council on Government Procurement at the Secretariat on Thursday (Jan...

Bangladesh secures $1.16 billion WB financing for climate-resilient development
Bangladesh secures $1.16 billion WB financing for climate-resilient development

Bangladesh has secured $1.16 billion in World Bank financing to bolster its efforts in enhancing health services, improving water and sanitation infrastructure, and advancing green, climate-resilient development. The approval, announced by the World Banks Board of Executive Directors on Thursday...

Poor to get relief from Tax burden in next budget
Poor to get relief from Tax burden in next budget

The finance adviser Dr Salehuddin Ahmed said the poor people will get relief from the burden of Tax in the next fiscal year budget. He made the statement while addressing journalists at the Bangladesh Secretariat in the capital on Thursday. The adviser said: The budget for the upcoming fiscal...

Govt trying to keep prices of essentials tolerable till Ramadan: Dr. Salehuddin
Govt trying to keep prices of essentials tolerable till Ramadan: Dr. Salehuddin

Finance Adviser Dr. Salehuddin Ahmed has said that the government is working to keep the prices of essential commodities within tolerable level in the market until the Holy Ramadan, reports UNB. Were trying to ensure that the prices in the market remain tolerable. But its a tough job. The nature...

Islamic finance can be supportive tool for economic rebuilding, say experts
Islamic finance can be supportive tool for economic rebuilding, say experts

A policy meeting in Dhaka on Sunday explored how Islamic finance could play a pivotal role in rebuilding Bangladeshs economy. The event, organized in collaboration with a private bank, gathered over 100 junior scholars and industry experts to discuss how principles of Islamic finance can promote...

‘Incentives for businessmen will be reduced in next budget’
‘Incentives for businessmen will be reduced in next budget’

Finance adviser Dr Salehuddin Ahmed said in next fiscal years (2025-26) budget the incentives for businessmen will be reduced. He made the remark at annual meeting of International Business Forum of Bangladesh (IBFB) on Sunday at an ostentatious hotel at Gulshan. He said: Businessmen have to...

All commodities do not see simultaneous price drop: Finance Adviser
All commodities do not see simultaneous price drop: Finance Adviser

Finance Adviser Dr. Salehuddin Ahmedsaid fluctuations in international markets prevent a simultaneous decline in the prices of all commodities in the domestic market. He made the remarks following a meeting of the Public Procurement Advisory Committee at the Secretariat on Wednesday afternoon....

13 NBFIs spend Tk 8.3 million on Mujib Borsho celebrations
13 NBFIs spend Tk 8.3 million on Mujib Borsho celebrations

Despite facing profit challenges in recent years, 13 non-banking financial institutions (NBFIs) spent over Tk 8.32 million on celebrating Mujib Borsho, marking the birth centenary of Sheikh Mujibur Rahman. This data was provided by the Bangladesh Bank to the Financial Institutions Division (FID)...

Economic and income inequality a major concern at present: Dr Wahiduddin
Economic and income inequality a major concern at present: Dr Wahiduddin

Planning and Finance Adviser Dr Wahiduddin Mahmud said, Bangladesh is set to witness a political shift next year. At the opening session of the Annual Baltic Conference on Defence (ABCD) in Dhaka on Saturday, organized by the Bangladesh Institute of Development Studies (BIDS), he alluded to...

There will be comfort in prices of essentials during Ramadan: Dr Salehuddin
There will be comfort in prices of essentials during Ramadan: Dr Salehuddin

Finance Adviser Dr Salehuddin Ahmed on Wednesday said that there would be comfort in the prices of essentials during the ensuing holy month of Ramadan, reports BSS. Dr Salehuddin was responding to the queries of reporters after chairing two separate meetings on the Advisers Council Committee on...

Court orders to seize shares of S Alam, brother
Court orders to seize shares of S Alam, brother

A court has ordered the seizure of all shares held by controversial businessman Saiful Alam Masud (S Alam) and his brother Abdus Samad Labu in Fast Security Islami Bank and Al-Arafah Islami Bank. Judge of Chattogram Finance Court Mr Mujahidur Rahman issued the order after hearing Janata Banks...

‘15-year corruption not possible to remove in 3-4 months’
‘15-year corruption not possible to remove in 3-4 months’

Finance Adviser Salehuddin Ahmed has categorically said that the countrys 15 years of corruption and irregularities cannot be eliminated in only three or four months. However, stability has started to return to the economy which was beginning to deteriorate, he said while addressing a programme...

Salehuddin calls for inclusive public financial management reform
Salehuddin calls for inclusive public financial management reform

Finance Adviser Dr Salehuddin Ahmed has emphasised the need for a triangular approach to Public Financial Management (PFM), integrating the efforts of the public, private, and citizen sectors to ensure efficient, transparent, and accountable financial services, reports The Business Standard. In...

Govt to procure 1.5m passport booklets, 1.5m lamination foils
Govt to procure 1.5m passport booklets, 1.5m lamination foils

The government on Wednesday approved a proposal for procuring some 1.5 million passport booklets and 1.5 million lamination foils. The approval came from the 14th meeting of the Advisers Council Committee on Government Purchase this year held today at the Cabinet Division Conference Room at...

Bangladesh eyes on creating quality jobs for youths
Bangladesh eyes on creating quality jobs for youths

Finance adviser Dr Salehuddin Ahmed expressed his firm determination of making quality job opportunity for the youth of Bangladesh. He said, Our ongoing strategy for Bangladesh focuses on creating quality jobs for the millions of youths entering the job market every year. He made the remarks...

Bangladesh to receive $1.1bn from ADB, WB by Dec: Finance secretary
Bangladesh to receive $1.1bn from ADB, WB by Dec: Finance secretary

The Asian Development Bank (ADB) and the World Bank will provide $600 million and $500 million in loan assistance respectively by December 2024, said Finance Secretary Dr Md Khairuzzaman Mozumder on Tuesday. He made the disclosure during a press conference at the Ministry of Finance, organised...

Interim govt inherited economic crisis from Awami League: Finance adviser
Interim govt inherited economic crisis from Awami League: Finance adviser

Finance Adviser Dr. Salehuddin Ahmed highlighted widespread irregularities and corruption in sectors ranging from banking to development projects. The interim government has inherited a devastated economic situation from the previous Awami League administration, the finance adviser made the...

No banks to be shut down: Finance Adviser
No banks to be shut down: Finance Adviser

Finance Adviser Salehuddin Ahmed stated on Tuesday that while some banks are recovering well, others may continue to face challenges, but none of them will be shut down. Some banks are recovering. Islami Bank, the largest bank, is improving. However, some banks will continue to struggle. But we...

Awami govt loots the banks: Finance adviser
Awami govt loots the banks: Finance adviser

Finance Adviser Dr Salehuddin Ahmed said the Awami League government has looted the countrys banks. Most of the banks are on the verge of destruction. It (Awami League) took many projects without feasibility tests. He made the remarks today (November 16) while speaking at a seminar titled...

Reforms being carried out to solve crisis: Dr Salehuddin
Reforms being carried out to solve crisis: Dr Salehuddin

Finance Adviser to the interim government Dr Salehuddin Ahmed has said that reforms in various sectors, including in financial, capital market and banking ones, are being carried out to solve the crisis that the interim government inherited from the previous regime, reports Dhaka Tribune. The...

Govt plans big to boost national revenue in the next 2 fiscals: Document
Govt plans big to boost national revenue in the next 2 fiscals: Document

In its bid to boost the national revenue, the interim government has set a target to collect Tk 6,15,500 crore and Tk 6,95,100 crore respectively for the next two fiscals. The revenue is expected to grow around 13 per cent in the next three years, including the running one, to reach Tk 6,95,000...

Governor takes chair of the SAARC Finance Network
Governor takes chair of the SAARC Finance Network

Ahsan H. Mansur, the Governor of Bangladesh Bank, has assumed the role of Chairperson of the SAARC Finance Network. He was appointed to this position during the 46th SAARC Finance Governors Group Meeting held in Washington, D.C. on October 24, for a term of one year. He takes over as Chair...

Govt aims to restore investor confidence in stock market: Dr. Salehuddin
Govt aims to restore investor confidence in stock market: Dr. Salehuddin

Finance Adviser Dr. Salehuddin Ahmed on Wednesday said that the government is actively working to restore investor confidence in Bangladeshs capital market, with a focus on both short- and long-term stability measures, reports UNB. Following a meeting with the Bangladesh Securities and Exchange...

Tk 111 crore on paper, Tk 500 crore in reality
Tk 111 crore on paper, Tk 500 crore in reality

The Anti-Corruption Commission (ACC) is investigating former Finance Minister AHM Mustafa Kamal, also known as Lotus Kamal, over discrepancies in reported assets. The ACC has identified Tk 111 crore in assets on paper, but believes the true value could reach Tk 500 crore. To support its inquiry,...

Bangladesh expects to see export growth despite global trade shifts
Bangladesh expects to see export growth despite global trade shifts

Bangladesh expects substantial export growth although the Global trade dynamics have undergone significant shifts in recent years, reports UNB. A document of the Ministry of Finance expected the growth based on the projection of the World Trade Organization (WTO). Although global trade...