Business-Economy

bKash posts Tk132cr profit in 3 months

TDS Desk: bKash, the country’s leading mobile financial service provider and a subsidiary of BRAC Bank, reported a significant 88% year-on-year growth in profit, reaching Tk131.88 crore in the first

No money will be printed to implement budget: Salehuddin

Staff Correspondent: Stating that a highly realistic Annual Development Programme (ADP) will be adopted in the next fiscal year’s budget, Finance Adviser Salehuddin Ahmed said the government will not implement

IMF finally agrees to release $1.3bn loan in June

Staff Correspondent: The International Monetary Fund (IMF) has finally agreed to disburse the next two tranches of its $4.7 billion loan package for Bangladesh, amounting to $1.3 billion, in June.

Govt’s Boro procurement slows despite 9.0pc rate hike

Staff Correspondent: Despite a 9.0 per cent hike in procurement rates, the government’s ongoing ‘Boro’ purchase drive is progressing in a slow pace with traders attribute the situation to higher

Budget 2025-26: Govt to borrow less from banking sector

TDS Desk: In order to meet the budget deficit, the government plans to borrow less from the banking system in the upcoming fiscal year 2025–26. In the current fiscal year

Any bank, nonbank can go under state ownership temporarily

TDS Desk: Any scheduled bank or financial institution, including troubled Islamic banks, may go under government ownership for bringing stability in the noncompliant commercial lenders under a latest reform panacea.