Business-Economy

IMF projects 5.4pc growth for Bangladesh economy in FY26

Staff Correspondent: The International Monetary Fund (IMF) has revised downward its economic growth projection for Bangladesh for the fiscal year 2025–26, citing persistent political uncertainty, continuation of a tighter policy

BD reserves stand $21.75bn

Staff Correspondent: The foreign exchange reserves held by Bangladesh Bank have increased to $21.75 billion, according to the BPM6 method of calculation used by the International Monetary Fund (IMF). On

Google Pay launched

TDS Desk: Google’s digital service, Google Wallet—commonly known as Google Pay—has been officially launched in Bangladesh. City Bank PLC has introduced this digital payment service in collaboration with Google, Mastercard,

Govt increasingly leans on bank borrowing

Staff Correspondent: Though most banks in the country are already facing a liquidity crisis, the government, grappling with a revenue shortfall, has increasingly leaned on bank borrowing to meet its

Zero-rated tax on 152 imports goes

Staff Correspondent: Zero-rated tax benefit on 152 items, mostly essentials like rice, wheat, onions and edible oils, goes as the new budget takes effect on July 1 with some major

Remittance dollar rate falls amid weak demand, strong export growth

Staff Correspondent: The exchange rate for remittance dollars has started to fall as demand from banks eases due to improved liquidity, reduced overdue import payments, and steady export growth. Banks