NBR chairman urges Finance Adviser to reduce budget size
NBR chairman urges Finance Adviser to reduce budget size

Chairman of the National Board of Revenue (NBR) Md Abdur Rahman Khan on Monday requested the Finance Adviser to reduce the budget size and give some relaxation to the mass people. I have requested (Finance Adviser), sir please cut short the budget size and give some relief to people, he said...

Construction sector in crisis, seeks tax relief in upcoming budget
Construction sector in crisis, seeks tax relief in upcoming budget

Private-sector construction in Bangladesh has slowed significantly due to severe financial losses, affecting industries such as housing, cement, steel, sand, ceramics, and hardware. Stakeholders have urged the National Board of Revenue (NBR) to take urgent measures to sustain over a hundred...

Will not unnecessarily increase the size of the next budget
Will not unnecessarily increase the size of the next budget

The upcoming budget will be realistic and will not be significantly large, according to Finance Adviser Salehuddin Ahmed. However, efforts will be made to expand trade and commerce to increase peoples income. He said these things after a view-sharing meeting with media representatives, editors...

Finance Adviser hints at corporate tax cuts in upcoming budget
Finance Adviser hints at corporate tax cuts in upcoming budget

Finance Adviser Dr. Salehuddin Ahmed on Sunday hinted that corporate tax rates may be revised downwards in the upcoming budget for the 2025-26 fiscal, with an acknowledgement that current rates are relatively high. Speaking to reporters after a pre-budget meeting with leading economists at the...

Economic stagnation: Government slashes budget, cuts spending
Economic stagnation: Government slashes budget, cuts spending

Political turmoil and the ongoing law-and-order situation have brought the countrys economy and businesses to a standstill, raising fears of a developing economic crisis. Even interim government representatives admit that the countrys economy is in a highly fragile state, and they are seeking an...

Promised budget support still pending for government
Promised budget support still pending for government

The World Bank, ADB, and Japan pledged budget support in exchange for banking and financial sector reforms. While the interim government has launched significant reform efforts, the recommendations from the reform commissions have yet to be implemented. Consequently, even after six months, no funds...

Half of UAE residents spend more than they earn
Half of UAE residents spend more than they earn

A recent survey has revealed that just over half of UAE residents50.46 per centspent more than they earned in the past year. Conducted by the financial technology platform Yabi, the Financial Health Report 2024 highlights significant challenges in financial security and planning among residents,...

"Current govt at risk by continuing budget of ousted Awami League"
"Current govt at risk by continuing budget of ousted Awami League"

Bangladesh Nationalist Party (BNP)s Standing Committee member Amir Khasru Mahmud Chowdhury expressed concerns that the current interim government is in danger of continuing with the budget of the ousted Awami League. He argued that the conditions necessary to implement the budget, which he...

Bangladesh’s 2025-26 budget may reach 8 trillion
Bangladesh’s 2025-26 budget may reach 8 trillion

Zahid Hussain, a member of the White Paper Committee and former Lead Economist at the World Bank stated that the budget for the fiscal year 2025-26 could be approximately 8 trillion (Tk 8 lakh crore). He added that the revenue collection target could be set at Tk 5.42 trillion, and the deficit...

UK to announce significant hike in visa sponsorship fees
UK to announce significant hike in visa sponsorship fees

The UK Home Office is planning substantial increases in fees for immigration services, including the cost of issuing Certificates of Sponsorship (CoS), a requirement for hiring foreign workers on Skilled Worker visas. Currently, UK employers must provide a CoS for each overseas worker they hire....