Real-Estate & Infrastructure

The government downsized the annual development budget to Tk 2.07 trillion with cuts in foreign assistance by Tk 175 billion, as foreign-aided projects lost gear into lax execution. On Wednesday, the National Economic Council (NEC) approved the Tk 2.07-trillion revised annual development programme (RADP) for the current fiscal year with …

The National Board of Revenue (NBR) has extended reduced tariff benefit for importing raw sugar until May 15 to enable consumers to buy the sweetening agent during the coming Ramadan month and Eid- ul-Fitr festival. Refiners will be able import raw sugar by paying 20 per cent regulatory duty (RD) …

Any fuel price hike raises the cost of everyday necessities and agricultural products and affects both food and non-food inflation since it is linked with every part of the value chain. “It also increases transport cost as well as the production and harvesting cost, hurting farmers,” said Rizwan Rahman, president …

The National Economic Council (NEC) on Wednesday approved Tk 2,07,550 crore revised Annual Development Programme (RADP) for the current fiscal year, downsizing the original ADP size of Tk 2,25,324 crore. The approval came at a meeting of the NEC presided over by NEC Chairperson and Prime Minister Sheikh Hasina. She …

Realtors and related backward linkage businesses have proposed that the government should reduce duty on import of raw materials to lower the construction product prices on the local market. At a pre-budget discussion with the National Board of Revenue in the capital, Dhaka, on March 2, they also sought several …

Bangladesh will again urge India to withdraw the anti-dumping duty (ADD) on locally produced jute and jute goods during a commerce secretary-level meeting between Dhaka and New Delhi today. The export of jute and jute goods has been performing poorly over the past few years since the Indian government imposed …

The government is expected to trim the development budget by 7.88 per cent to Tk 207,550 crore for the current fiscal year because of the sluggish pace of implementation by public agencies. The revised outlay is 92 per cent of the total allocation of Tk 225,324 crore, the steepest cut …

The Cabinet on Sunday gave its approval to the draft “Export Policy 2021-24” with a target of $80 billion export for fiscal year 2023-24. The approval was given on Monday in the Cabinet meeting with Prime Minister Sheikh Hasina in the chair. The draft policy was approved on January 12 …

The government is likely to approve a Tk 2.07-trillion revised annual development programme (RADP) for the current fiscal year (FY) tomorrow (Wednesday), trimming down 7.89 per cent fund from the original outlay, officials said on Monday. The National Economic Council (NEC) will sit tomorrow to approve the RADP for the …

The implementation of the government’s plan to bring about large-scale industrialisation is in the slow lane as only two state-run economic zones are currently ready for setting up factories although Bangladesh set out nearly seven years ago to establish them. In 2015, the government set an ambitious target of setting …