Business-Economy

NBR to set targets for tax officials to curb evasion, boost compliance

TDS Desk: National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan on Sunday announced that tax officials will be given specific targets to increase tax collection from individuals and

BB to release newly designed banknotes ahead of Eid

Staff Correspondent: Bangladesh Bank has planned to circulate newly designed banknotes in the market before Eid-ul-Azha, according to sources at the central bank. The redesigned notes will feature graffiti commemorating

12kg LPG price cut down by Tk 19 for May

Staff Correspondent: The price of a 12kg LPG cylinder has declined by Tk 19 to Tk 1431 from the existing price of Tk1,450 for the month of May. The new

Rice, edible oil imports rise amid economic stabilization efforts

Staff Correspondent: Rice and edible oil imports to the country have shot up while wheat and sugar import decreased in the first eight months of the 2024-25 fiscal year (FY25).

Govt expects $500m in budget credits from ADB

Staff Correspondent: Bangladesh hopes for finalisation of a pre-assured $500 million worth of budgetary-support loan and extended financial assistance from the Asian Development Bank (ADB) at its upcoming annual meeting

Bangladesh’s outlook cautious but hopeful: Experts

Staff Correspondent: Bangladesh’s economy is showing signs of a gradual recovery, though GDP growth remains under pressure due to historically low tax revenues and a struggling banking sector burdened by