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The government has targeted cutting its borrowing target from the national savings certificates(NSC) by 42 per cent in the next three fiscals aimed at reducing fiscal risk, according to official document.

The government’s target to raise private investment to 24.2 percent of GDP will be challenging given the trend in last several years and the ongoing liquidity crisis in the banking sector.

Dhaka stocks slumped on Sunday as investors becoming muddled following the government’s proposal to impose 15 per cent tax on the listed companies’ reserve and stock dividend, went for selling shares. Finance minister AHM Mustafa Kamal on June 13 placed before parliament the proposal in the budget for the next …

The Bangladesh Garment Manufacturers and Exporters Association on Sunday urged the government to increase the additional cash incentive against garment exports to three per cent from the proposed one per cent for the next fiscal year of 2019-20.

Four trade bodies of the information technology sector on Sunday urged the government to grant the evolving e-commerce sub-sector a respite from the additional tax burden which was slapped on it in the proposed budget for 2019-20.