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LNG subsidy soars to Tk 89.0b despite tariff hikes, IMF terms

Government subsidy for liquefied natural gas (LNG) procurement surged by 48.33 per cent year on year to Tk 89 billion in fiscal year (FY) 2024-25.This increase comes despite authorities raising gas tariffs at least five times over the past six years, and repeated calls from the International Monetary Fund (IMF)...

Foreign loan disbursement tied to project readiness

The government from now on will not allow the disbursement of any foreign funds to implementing agencies without prior project approvals and the appointment of project directors and necessary staff.In addition, agencies must complete the required land acquisition before obtaining confirmation of external loans (project aid) and assistance, according to...

BNP doesn't fear reforms, problems 'elsewhere': Fakhrul

BNP Secretary-General Mirza Fakhrul Islam Alamgir has dismissed claims that his party is wary of reforms, saying that it welcomes them. However, he believes "the problem lies elsewhere"."The problem is that all these new ideas are being brought in, but our country and our nation are not familiar with them,"...

BD to offer trade package to US: Salehuddin

Bangladesh plans to offer a "package proposal" to the United States in a bid to secure an exemption from the additional tariffs imposed by President Donald Trump, said Finance Adviser Dr Salehuddin Ahmed on Tuesday.He disclosed the development after a meeting of the Advisers' Council Committee on Government Purchase at...

Bangladesh-origin police officer killed in Manhattan shooting

NYPD officer Didarul Islam, a 36-year-old Bangladeshi immigrant who was among the victims of a deadly shooting incident at a Manhattan office building, was praised for his bravery and selflessness, reports UNB. "He was doing the job that we asked him to do. He put himself in harm's way. He...

NCP refuses to accept July Charter draft

The National Citizen Party (NCP) has said it will not accept the draft of the July National Charter unless legal guarantees are put in place to implement points of consensus before the general election, reports bdnews24.com.Expressing dissatisfaction, the party's Joint Convenor Javed Rasin criticised the National Consensus Commission for releasing...

NCC to decide on appointment of caretaker chief

The National Consensus Commission (NCC) has announced that it will now decide on the appointment of the chief adviser (CA) of the caretaker government as political parties have failed to reach a consensus on the selection process."Three-fourths of the political parties agreed to the commission's proposal on reforms to the...

BRTC double-decker collides with DEE pier cap

FE REPORT A double-decker bus of Bangladesh Road Transport Corporation (BRTC) was badly damaged on Tuesday after its upper level smashed against a pier cap of the Dhaka Elevated Expressway (DEE) ramp at Farmgate, Dhaka, injuring several passengers.The accident which took place at about 11:30 am caused the upper deck...

Deadlock over utility shifting works of MRT 1 still persists

The complexities over carrying out utility-shifting works on the MRT 1 from Badda at Pragati Sarani could not be resolved in more than three months.In April last, the Dhaka Metropolitan Police (DMP) Traffic Division asked the project office of mass rapid transit line 1 (MRT 1) to put such works...