Finance News: Latest Financial News, Finance News today in Bangladesh

Dhaka seeks $500m more in WB aid

Bangladesh is likely to seek US$500 million more in budgetary support from the World Bank at the upcoming IMF-WB spring meeting in Washington, as the government eyes yet a bigger budget. Besides, an extended support may also be requested from WB's $93 billion three-year IDA-20 package, to be implemented during...

4,000 hectares of Boro crops submerged

About 4000 hectares of standing Boro crops have been submerged so far due to flash flood, causing losses to the tune of Tk 500 million to the farmers in Sunamganj and Netrakona haor areas, according to the field service wing of the Department of Agriculture Extension (DAE).Agriculture Minister Dr Muhammad...

Imran may resign before no-confidence vote today

ISLAMABAD, April 8 (Agencies): Pakistan Prime Minister Imran Khan was to address the nation Friday, on the eve of a controversial no-confidence vote that looks certain to dismiss him.The country is abuzz with speculation he may resign rather than face the indignity of being voted out -- or that the...

Edible oil 6.0-13pc higher than govt rates

Edible oil prices remained 6.0-13 per cent higher than the government-fixed rates on Friday as refiners and distributors were yet to supply oils with new price tags, said city grocers.Meanwhile, prices of brinjal, a vegetable used widely in Iftar during Ramadan, witnessed a Tk 30-50-a-kg hike last week.On the other...

Expeditious VAT refund to UN, foreign orgs expected

Foreign organisations in Bangladesh, including UN agencies, are expected to get VAT refund expeditiously as the revenue board's relevant office moves to go digital to end their long wait.Foreign agencies are exempt from value-added tax on local buys, so are exporters on raw-material imports, as per the tax law.Officials say...

Sehri, Iftar & Prayer Timings (2022-04-09)

Briefing 09-04-2022

Stocks plummet amid sluggish turnoverStocks plummeted in the outgoing week to Thursday, with jittery investors selling off their shares to skirt further losses amid persistent volatility on the market. Out of the five trading days this week, four sessions suffered losses amid sluggish turnover, as trading hours have been reduced...