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Bangladesh has outshined Pakistan in many indicators in last 50 years of its independence, including maintaining a stronger currency than that of Pakistan. A Bangladesh Taka (BDT) was equal to 2.13 Pakistani Rupees (PKR) on Monday, according to the international currency converter xe.com. In terms of the exchange rate with …

Bangladesh’s export receipts registered a 33.41% year-on-year (YoY) growth to $38.6 billion in the first nine months (July-March) of the current 2021-22 fiscal year (FY), the latest Export Promotion Bureau (EPB) data shows. The country previously roped in $28.93 billion in the same period of FY21. Meanwhile, Bangladesh also saw …

The ongoing strain on Bangladesh’s foreign exchange regime has created cash shortages in the banking sector, sending the interbank call money rate to a 19-month high yesterday. The weighted average rate in the interbank call money market, where banks borrow from each other on an overnight basis, stood at 4.65 …

The High Court on Monday accepted for further hearing of a petition filed seeking liquidation of Grameen Telecom, an organisation owned by Nobel laureate Professor Muhammad Yunus. However, the court rejected another portion of the petition filed seeking the recruitment of an administrator in Grameen Telecom. The High Court bench …

Oil slipped on Monday in volatile trading as the release of strategic reserves by consuming nations eased concerns over tight supply amid Russia’s invasion of Ukraine and the lack of an Iranian nuclear deal. Crude dropped by about 13 per cent last week after US President Joe Biden announced a …

Three Dhaka-based buying houses were found to have tried to launder Tk 6.9 crore through mis-declaration, according to the Chattogram Custom House. Customs officials say around Tk 6.90 crore would not have come to the country if the consignments had been shipped. Now, separate money laundering cases will be filed …

The World Bank is set to provide half a billion US dollars in loan to modernise the rural electricity distribution system in Dhaka and Mymensingh regions, officials said on Saturday. After approval of the project proposal, the WB is ready to sign the $500 million loan deal with the government, …

Power Development Board (PDB) has been implementing a project to ensure a safe and dependable power supply to meet increasing demand for electricity till 2025. Rajshahi Mayor AHM Khairuzzaman Liton today inaugurated the newly constructed 33/11KV, 2X10/13.33 MVA GIS Substation at City Hat in the city under the project as …

Planning Minister MA Mannan said the government has been facing numerous stumbling blocks from vested interests while allocating funds for the budget. “The culture of allocation should not exist in a democratic society but breaking this barrier suddenly is not easy. Prime Minister Sheikh Hasina is trying and hopefully, she …

The World Bank has extended a $250 million financing to Bangladesh in budgetary support after the country has moved to bring in fiscal and financial reforms to strengthen policies to sustain growth and enhance resilience to future shocks. On Friday, the Washington-based lender approved the loan, the first of a …