Govt mulls over issuing 'Sukuk' bond in favour of BSL

The government is considering issuing Shariah-based Sukuk bond in favour of the state-owned Bangladesh Services Limited (BSL) for helping settle its existing debt liability.The BSL, which is a public limited company and engaged in hospitality business, is liable to pay a huge amount of debts, according to officials.To this effect,...

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Record revenue shortfall feared in outgoing fiscal

A record revenue shortfall worth nearly Tk 1.0 trillion is likely in the eventful outgoing fiscal, largely for sluggish private-sector investment, poor execution of development projects and banking-sector volatility.Such shrinkage in resources of revenue is but a foregone conclusion as the country navigates a political upheaval-upset financial year following the...

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Moscow mum on extending $11.38b utilisation timeline

Russia has yet to extend the timeline for its $11.38-billion loan utilisation for Bangladesh although the credit tenure already expired in December last, officials said Wednesday about a looming uncertainty surrounding the funding.About a year back, Dhaka had requested the Russian lender to extend the loan-utilisation deadline by two more...

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Iran leader rejects Trump's demand for surrender

DUBAI/JERUSALEM, June 18 (Reuters): Iranian Supreme Leader Ayatollah Ali Khamenei rejected Donald Trump's demand for unconditional surrender on Wednesday, and the U.S. president said his patience had run out, though he gave no clue as to what his next step would be.Speaking to reporters outside the White House, Trump declined...

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Prayer Timings (2025-06-19)

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