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

Entire Islami Bank board dissolved

The entire Board of Directors of embroiled Islami Bank Bangladesh PLC, led by its new chairman, stands dissolved in a latest regulatory move aimed at safeguarding interests of the bank, its depositors and the public.According to a statement issued Sunday, the central bank exercised its authority under Sections 45 and...

Benazir arrested in UAE

Runaway former Inspector General of Police (IGP) Benazir Ahmed, wanted in corruption cases, has been arrested by police in the United Arab Emirates (UAE) following an Interpol notice."He will be brought back to Bangladesh soon," Home Minister Salahuddin Ahmed informed parliament Sunday as the news travelled in.Speaking under Rule 300,...

ADB budget support lifts forex reserves above $35.6b

Bangladesh's gross foreign exchange (forex) reserves climbed to US$35.63 billion on Sunday after the country received more than $1.0 billion in budget support from the Asian Development Bank (ADB).The country's gross foreign exchange reserves rose to $35.63 billion on Sunday from $34.73 billion on June 10 following the disbursement of...

Finance Division suggests faceless tax assessment, appeal

The Finance Division has suggested a gradual introduction of faceless assessments and appeal systems for tax files to lower human discretion in order to enhance revenue collection.It would also help improve taxpayers' trust and strengthen voluntary compliance with the tax payment system, finance officials said in the Medium-Term Macroeconomic Policy...

NSC investors, exporters may face higher liabilities

A structural shift in the tax collection system is likely to increase tax liabilities for national savings certificate (NSC) investors and exporters from July 1, 2026, despite no significant increase in withholding tax rates.The proposed Finance Bill 2026 introduces a fundamental change by treating taxes deducted at source on certain...

BAB hails budget as 'a significant step towards financial stability'

The Bangladesh Association of Banks (BAB), an apex body representing bank sponsor-directors, on Sunday welcomed the proposed budget for fiscal year 2026-27.The association also pledged its full cooperation with the government in implementing the budget agenda, presented in Parliament by Finance and Planning Minister Mr. Amir Khosru Mahmud Chowdhury on...

Qatari delegation in Tehran for Middle East war talks

TEHRAN, June 14 (AFP): A Qatari delegation arrived in Tehran on Sunday, Iranian media and a diplomat said, as part of the mediation process to end the war between Iran and the United States.Iran's ISNA news agency reported an adviser to Qatar's foreign minister had been dispatched to the Islamic...

Commercial cultivation of dragon fruit

Commercial cultivation of dragon fruit has gained widespread popularity in rural Bangladesh because of sizeable economic return. A large farmland at Chandpur village in Shailkupa upazila of Jhenaidah is seen brimming with dragon fruit plants. — FE Photo by K Asad-Uz-Zaman