NBR for reforming VAT to uniform rate system
Chairman of the National Board of Revenue (NBR) Nojibur Rahman recently (Monday) said the NBR has now no choice but to implement the Value Added Tax and Supplementary Duty Act. The Chairman said global policy on finance and trades have been undergoing reform in terms of capacity building to ensure sustainable development of economy. Taking consideration of the reforming policy of G-7 and China, NBR is willing to take partnership with stakeholders like ICAB to generate more revenues through change of its revenue collection policies, he added. Change is permanent, NBR value this phenomenon and come up with policy reform initiatives to create a revenue culture in the country, he said.
Govt planning record budget for 2016-17
The Bangladesh government has planned a national budget of 3.40 trillion taka ($43 billion) for the next fiscal year (2016-17), the country's finance minister said here on Thursday.
muhith
"We're planning a 3.40 billion taka national budget for the 2016-17 fiscal (July 2016-June 2017)," Finance Minister A.M.A. Muhith said.
He, however, did not elaborate on the new fiscal year budget which is to be unveiled in parliament in the first week of June, Xinhua news agency reported.
The Bangladesh parliament in June 2015 ...
muhith
"We're planning a 3.40 billion taka national budget for the 2016-17 fiscal (July 2016-June 2017)," Finance Minister A.M.A. Muhith said.
He, however, did not elaborate on the new fiscal year budget which is to be unveiled in parliament in the first week of June, Xinhua news agency reported.
The Bangladesh parliament in June 2015 ...
BD-US trade rises 8.5pc to $ 7b in 2015 – embassy
Trade between Bangladesh and the United States rose 8.5 percent to almost $7 billion in 2015, a U.S. embassy official said on Tuesday.
Exports from Bangladesh accounted for $6 billion of the total, and 90 percent of that was clothing, said Andrea Brouillette-Rodriguez, counselor at the embassy, told a news conference ahead of a trade show beginning on Thursday. She said the United States accounted for a 
quarter of all Bangladesh's exports.
U.S. investment in Bangladesh rose to about $2 billion in 2015 from $1.5 billion the y...
quarter of all Bangladesh's exports.
U.S. investment in Bangladesh rose to about $2 billion in 2015 from $1.5 billion the y...
Forex reserves hit record $ 28bn
Bangladesh's foreign exchange reserves hit a record $28.06 billion at the end of February, the central bank said on Tuesday, fuelled by steady exports and lower import costs due to falling global commodities prices.
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The reserves, sufficient to cover seven months' worth of imports, are nearly 22 percent higher than during the same period last year.
Rising garment exports and steady remittances from Bangladesh nationals working overseas, two mainstay revenue generators for the country of 160 million people, have helpe...
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The reserves, sufficient to cover seven months' worth of imports, are nearly 22 percent higher than during the same period last year.
Rising garment exports and steady remittances from Bangladesh nationals working overseas, two mainstay revenue generators for the country of 160 million people, have helpe...
PM inaugurates development activities of 10 economic zones
Prime Minister Sheikh Hasina Sunday inaugurated the development activities of 10 more economic zones in the country.
Through a video conference from a function in Dhaka’s Bangabandhu International Conference Centre (BICC) also known as Bangladesh China Friendship Conference Center, Hasina inaugurated the development activities at the economic zones, reports Xinhua.
They are Mirersarai Economic Zone, Sabrang Tourism Park, Srihatta Economic Zone, Mongla 
Economic Zone, AK Khan Economic Zone, Abdul Monem Economic Zone,...
Economic Zone, AK Khan Economic Zone, Abdul Monem Economic Zone,...
BD set to become AIIB founding member
Bangladesh is set to become a founding member of the Chinese-government initiated Asian Infrastructure Investment Bank (AIIB) as the country’s parliament has passed a bill in this connection, the media reported on Thursday.
[caption id="attachment_13856" align="alignleft" width="597"]
AIIB Meet: File Photo[/caption]
“We’re now all set to join the bank as a founding member as our parliament on Wednesday night passed the Asian Infrastructure Investment Bank Bill 2016,” said a senior finance ministry official.
The official said the country wi...
AIIB Meet: File Photo[/caption]
“We’re now all set to join the bank as a founding member as our parliament on Wednesday night passed the Asian Infrastructure Investment Bank Bill 2016,” said a senior finance ministry official.
The official said the country wi...
