Current News

Smart mobile accessories and smartphone-related wearable product imports are soaring on the back of the rising propensity towards a digital lifestyle. Currently, the annual market for smart accessories is more than Tk 3,000 crore and the entire market is based on Chinese products, according to industry insiders.

Japan has come up with more than two dozen proposals, including tax benefits and a cut in motorcycle registration fee, as it looks to boost its investment in Bangladesh.

NBR bags TK1,064 crore in three days. The countrywide ongoing tax fair turned festive on Saturday, a weekend, as hundreds of taxpayers thronged the fair venues to receive tax related services including opening e-TIN, submitting tax returns and paying taxes in a hassle-free environment.

Foreign investors have demanded cash incentive for exports from their readymade garment factories located inside the export processing zones in Bangladesh, claiming that the existing provision of cash incentive is discriminatory against foreign investors.

Taxpayers on Saturday continued to throng the venues of the weeklong income tax fair taking advantage of the weekend that helped the National Board of Revenue to net a record Tk 1,064 crore in income taxes in the first three days of the fair.

Dhaka stocks dropped in the past week after gaining in the previous week as investors became disappointed over a slew of poor financial disclosures from major companies.

The weeklong Development Fair organised by the Palli Karma-Sahayak Foundation at Bangabandhu International Conference Centre in Dhaka witnessed a huge turnout of buyers and visitors on Saturday, the third day of the event.

Finance Minister AHM Mustafa Kamal on Saturday hoped that the Japanese investors including their large companies would come with investments in Bangladesh in a bigger way in the coming years.

The central bank has asked four state-owned commercial banks, or SoCBs, to gear up the recovery drive, keeping in mind top 20 defaulters.

Finance Minister A H M Mustafa Kamal has promised to reduce tax rates using all economic matrixes.