Management

Need a gold bank * Annual gold demand in the country is 30 tons* 148 kg gold import legally in 3 years* 2583 kg of gold seized in 10 years* Luggage party providing most of demands Zarif Mahmud: Although there have been plans to make a gold policy in the…

Fiscal Year 2022-23 Mahfuz Emran: The ongoing global economic crisis continues to have a negative impact on revenue collection. The National Board of Revenue has a target of Tk 370 thousand crore in the fiscal year 2022-23. However, in the financial year (July-May), the revenue deficit is Tk 34,158 crores.…

Staff Correspondent: The budget of Tk 761,785 crore (Tk 7.61 trillion) for the financial year 2023-24 has been passed by the National Parliament. Finance Minister AHM Mustafa Kamal proposed this budget in the National Parliament on June 1 with the theme of ‘Smart Bangladesh’s progress beyond a decade and a…

Tk 92,000 cr smuggled every year Zarif Mahmud: According to the GFI report released in December last year, $4,965 million have been smuggled out of Bangladesh in 6 years. Which is Tk 556,000 crores in local currency as Tk 112 per dollar. An average of Tk 92,000 thousand crore is…

Industry Desk: The New Development Bank (NDB) is eager to finance Expanded Dhaka City Water Supply Resilient Project and Replacement of Gas Pipeline between Dhaka and Narayanganj Project.The New Development will provide $677 million loan for the development of the water and sanitary sector and the gas sector of Bangladesh.NDB…

Staff Correspondent: The defaulted loans in the banking sector climbed by about Tk10, 954 crore to Tk1,31, 621 crore in the January-March quarter.According to Bangladesh Bank (BB) the defaulted loans increased by 9 percent from three months ago and 16 percent from a year earlier, Despite different initiative of the…

Policy Research Institute Industry Desk: According to a recent estimate by the Policy Research Institute (PRI), in the current FY2022-23, the National Board of Revenue (NBR) may face a revenue deficit of Tk54,600 crore in comparison to its set target.The revenue collection target for NBR for the current financial year…

IMF team arrives Dhaka Mahfuz Emran: As a condition of International Monetary Fund (IMF) loan, Bangladesh should have foreign exchange reserves of $24.46 billion ($2446 crore) by next June. But at the moment the reserve stands at $31.18 billion (3118 crore) and the usable reserve is $2318 million. Ahead of…

Zarif Mahmud: The Planning Commission is discouraging new projects due to financial crisis. In this regard, emphasis is being given on timely completion of ongoing projects rather than taking up new projects in the next financial year 2023-24. Not only this, it has said that in view of the resource…

Staff Correspondent: Expatriate Bangladeshis remitted 958.7 million US dollars through legal or banking channels on the occasion of Eid-ul-Fitr. In the local currency, which has an exchange rate of 107 taka per dollar, this equates to a sum of Tk 13,600 crores.In the first 21 days of April, remittances received…