১৩ এপ্রিল, ২০২৫ ১৮:০৩ এর সব খবর

Sunday, 13 April, 2025

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Headline

IMF team in Dhaka to start talks today on $4.7bn loan

The International Monetary Fund (IMF) delegation, which reached Dhaka on Saturday evening, is set to begin discussions today (Sunday) to assess the latest financial data ahead of the release of the upcoming tranches of the $4.7 billion loan. According to the Finance Division of the Ministry of...

IMF mission due in Dhaka today to review loan disbursement

An 11-member delegation from the International Monetary Fund (IMF), led by Rahul Anand, head of the Asia and Pacific Division, is set to arrive in Dhaka on Saturday to assess Bangladeshs progress in meeting the conditions for the next tranches of its $4.7 billion loan. During their two-week...

Imams, Muezzins receive interest-free microloans, financial aid

The Ministry of Religious Affairs is providing interest-free microloans and financial assistance to imams and muezzins across the country from Imam-Muezzin Welfare Trust, reports UNB. These loans and financial aid are being offered to those who have received training at the Imam Training Academy...

Govt. plans $350 million loan for LNG imports

Gas production in the country has been continuously declining, which has led to an increase in LNG imports. However, due to the dollar crisis, import bills are not being paid regularly. As a solution, the government plans to take a loan with World Bank support in the next fiscal year (2025-26) to...

Indian loan disbursements below expectations, projects under review

Indian loan disbursements to Bangladesh have been significantly lower than expectations, as India released only around $80.14 million between July and January of FY25 under its Line of Credit (LOC) scheme, indicating a sharp decline compared to previous years. There have also been no new loan...

From 7.24% to 11.89%: Businesses alarmed by sharp rise in loan rates

Over the past two years, the average interest rate on loans in the country has surged by nearly 5 percentage points, raising serious concerns among entrepreneurs and business owners. The rising cost of borrowing is significantly impacting business expansion and investment decisions, with many...

China rolls over $2bn loan to Pakistan amid financial challenges

China has rolled over a $2 billion loan to Pakistan, providing critical financial relief as the country navigates economic challenges. The development was confirmed by Khurram Schehzad, an adviser to Pakistans finance minister, on Saturday, Arise News reported. The loan extension comes as...

Workers of closed factories struggling to survive

Nearly 100 factories, large and small, remain shut following widespread vandalism, looting, and arson that began on August 5 last year. Around 100,000 workers who once relied on these factories for their livelihoods are now struggling to survive with their families, living in dire conditions....

Foreign loan commitments plummet 67% in Jul-Jan of FY25

Bangladesh has seen a sharp decline in foreign loan commitments, dropping by 67.22% in the first seven months of the current fiscal year 2024-25, as the interim government re-evaluates its borrowing strategy and reassesses projects inherited from the previous administration, according to data from...

249 more women get interest-free loans from Bashundhara Foundation

The Bashundhara Foundation provided an interest-free loan to 249 underprivileged women on Monday as part of a philanthropic initiative by the countrys leading industrial conglomerate. More than Tk4.1 million is given to the recipients in the 76th round of the scheme, which continues to work to...

Default loans exceed Tk3 trillion for first time

Non-performing loans (NPLs) in the countrys banking sector reached a record high of Tk345,000 crore by the end of December 2024, highlighting the massive loan scams committed during the ousted fascist Awami League regime. By the end of last year, default loans represented a fifth of the total...

SMEs struggle due to high interest rates, tough loans

Alamgir Hossain, a small entrepreneur in the jute industry, recently applied for a loan of Tk5 lakh to expand his business. He was initially denied the loan and was required to provide three guarantors signatures, his business trade license, and various other documentsa daunting process for a small...

New default loan policy to jeopardise businesses

Bangladeshs defaulted loans are expected to exceed Tk 5 lakh crore, surpassing 30 per cent of total disbursed loans, if new regulations take effect in March. Businesspeople are urging the authorities to defer the implementation of the new default regulations by at least a year. According to the...

Millions of investors trapped in margin loans

Margin loans created massive turmoil in the stock market during the previous Awami League government. Over the years, millions of investors have suffered losses due to these loans. Syndicates engaged in market manipulation used multiple accounts both legitimate and anonymous to trap investors....

Defaulted loans threaten financial sector

The Finance Division believes that the countrys financial sector is at significant risk due to defaulted loans. According to sources the default rate stood at 6.12% in December 2011, and it surged to 16.93% by December 2024. Additionally, mismanagement and corruption in the sector under the...

Foreign loan commitments decreased by 67%

The Sheikh Hasina-led government has borrowed money more for unnecessary projects than necessary ones over the past 15 and a half year, creating pressure on the interim government to repay. Since the interim government took the power, it started revising projects. Therefore, the money flow has...

BB adopts new provisioning system to tackle non-performing loans

Bangladesh Bank (BB), in a bid to mitigate the severe liquidity crisis and prevent bankruptcies stemming from non-performing loans (NPLs), has introduced a new provisioning model in compliance with international financial standards. The move aims to ensure banks are better equipped to handle...

No gains from BRICS bank even after three years

Bangladesh has not yet received any assistance three years after joining the BRICS bank. Bangladesh became a member of the New Development Bank (NDB), led by BRICS, in 2021. However, apart from Brazil, Russia, India, China, and South Africa, no other countries have received loan approvals from this...

Crisis deepens as debt discipline remains absent

Bangladesh is grappling with a mounting financial crisis, marked by escalating government debt and surging defaulted loans. The governments total debt now stands at an alarming Tk 20.49 trillion, with domestic debt comprising Tk 10.20 trillion and foreign debt totaling Tk 10.13 trillion, equivalent...

Auto financing in Pakistan rises amid interest rate cuts

Auto financing witnessed a slight increase, reaching $847.63 million in December 2024 from $844.56 million in November, according to data from the State Bank of Pakistan (SBP). This marks a reversal of the negative trend seen in November, when financing declined from $850 million in October. For...

Businessmen backed against the wall

Resentment among businessmen is mounting as they feel increasingly cornered by the challenges facing the economy. With no clear guidance to revive trade and business, many have turned to Bangladesh Bank Governor Ahsan H. Mansur, presenting a nine-point set of demands aimed at easing their burden....