Banks' reliance on central bank borrowing hits record high
Bangladesh's commercial banks are increasingly leaning on the central bank to stay afloat, with borrowing through the repo window hitting a record Tk 1.33 trillion in May 2025, signaling a worsening liquidity crunch in the country's banking system.The growing reliance on Bangladesh Bank's short-term liquidity support comes amid sluggish deposit...
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Govt borrows Tk 107b in one day as FY-end pressures mount
Facing a mounting budgetary shortfall ahead of the fiscal year's close, the government borrowed over Tk 107 billion in a single day by issuing three types of treasury bills (T-bills) on Sunday.The borrowing surpassed the government's initial target by a significant margin."The government's demand for funds has increased significantly ahead...
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Former CEC Nurul Huda arrested
Police arrested on Sunday evening former Chief Election Commissioner (CEC) AKM Nurul Huda from Uttara area in the capital.Local people detained Nurul Huda in Uttara area in the evening of the day and handed him over to the police.Earlier, BNP filed a police case and submitted a formal complaint to...
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67pc goes into debt servicing
As much as 67 per cent of the foreign aid disbursed in the first 11 months of the current fiscal year went into repaying earlier loans, according to the Economic Relations Division (ERD) data released on Sunday.From July to May of FY25, development partners disbursed $5.61 billion in loans for...
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First batch of Bangladeshis to be evacuated from Iran next week
The first group of Bangladeshi nationals willing to return from Iran is expected to arrive in Dhaka next week, as the government ramps up evacuation efforts amid escalating tensions in the Middle East."The ministry is working to ensure that the first batch of returnees reaches Bangladesh next week," said Shah...
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Ishraque supporters to unlock Nagar Bhaban today
Supporters of BNP leader Ishraque Hossain said on Sunday that they will unlock the gate of Nagar Bhaban today. However, the rooms of the administrator and engineers will remain locked, they said on the 39th day of their agitation at Nagar Bhaban. They have been observing their sit-in under the...
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Finance Adviser Dr Salehuddin Ahmed speaks at a post-budget press conference
Finance Adviser Dr Salehuddin Ahmed speaks at a post-budget press conference at the Secretariat in Dhaka on Sunday. — PID
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Lacks fiscal steps to achieve ambitions
The Centre for Policy Dialogue (CPD) has described the proposed national budget for the fiscal year 2025-26 as exceptional in terms of its reduced size but observed that it lacks coherence between its stated objectives and actual allocations.Presenting its analysis titled "CPD Budget Dialogue 2025: An Analysis of the National...
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Rejoinder--
The Chittagong Port Authority has issued a rejoinder to a news item published in The Financial Express on Friday.The news carried on Page 8 was titled 'CPA plans Saif Powertec tenure extension.'In the rejoinder issued on Saturday, the CPA says, "The attention of the Chittagong Port Authority has been drawn...
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