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Duty waiver on importing raw materials of fibre cable

The National Board of Revenue (NBR) has exempted optical fibre cable manufacturers from paying duties on import of four types of raw materials required for the industry in a bid to protect local producers from the competition with importers of finished product. Local producers got exemption from import duties on all types of raw materials required for the industry as the government provided the waiver for other raw materials in the budget for the current fiscal year, NBR officials said. fibre cableThe re...

India, Pakistan to allow greater trade through land route

India and Pakistan agreed on Saturday to allow round-the-clock movement of trucks and containers through their main border crossing, signalling a thaw in relations after a year's standoff over military tensions on the border. Trade ministers of the two countries meeting in New Delhi also approved a liberalised visa policy for businessmen to help expand two-way trade, which was barely $2.5 billion in 2012/13 fiscal year against a potential $10 billion. Pak-IndiaBoth sides hope closer integration of Pakistan w...

Devon MP calls for dialogue, reconciliation in Bangladesh

Tiverton and Honiton MP Neil Parish, who was an election monitor in Bangladesh for the 2008 General Election, has called for political dialogue and reconciliation following widespread election violence in Bangladesh. He was speaking during a backbench business debate on the current situation in Bangladesh held in the House of Commons. [caption id="attachment_2808" align="alignleft" width="300"]Devon MP Neil Parish, right, was an election observer in Bangladesh in 2008[/caption] Mr Parish previously acted as...

Bangladesh eyes RMG access to India

Bangladesh will press for greater access to the Indian market for readymade garments and will urge the government to ease barriers including stringent testing norms, reports Times of India (TOI). bd-indiaBangladesh commerce minister Tofail Ahmed, who will meet commerce and industry minister Anand Sharma on Saturday, is also expected to chart out detailed plans for improving border infrastructure to boost trade between the two neighbours. "The United States and European Union, Canada are very big markets for our...

IBBL Business Dev Conference concludes

The concluding session of a two day long Annual Business Development Conference of Islami Bank Bangladesh Ltd (IBBL) was held on Friday in a local Hotel. Engr. Mustafa Anwar, acting Chairman of the bank was present in the program as chief guest while Engr. Eskander Ali Khan, Chairman Executive Committee of the Bank was present as special guest, says a press release. 003Presided over by Mohammad Abdul Mannan the program was attended by Professor Dr. NRM Borhan Uddin, Chairman Audit Committee, Humayun Bokhteyar,...

Dhaka Bank holds annual managers’ confce

Dhaka Bank Limited held its annual managers’ conference Saturday for the year 2014 at Radisson Blu Water Garden Hotel in the capital. PhotoAbdul Hai Sarker, Chairman of the Board of Directors of Dhaka Bank Limited inaugurated the conference as Chief Guest while Khondker Fazle Rashid, Managing Director of Dhaka Bank Limited presided over the conference. Among others, Former Chairman ATM Hayatuzzaman Khan, Former Chairman and Director Reshadur Rahman, Directors Abdullah Al Ahsan, Mirza Yasser Abbas, Independent...
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