Salaried taxpayers have seen their tax liabilities increase over recent years, due mainly to a high rate of inflation that has outpaced wage growth. A proposal to raise the tax rate by 5.0 percentage points in the next financial year (FY 2024-25) has been met with criticism from high earners
Consumer-rights campaigners worry about further inflation spikes as the visiting IMF appraisal mission asks government authorities to make sure subsidies do not exist in the pricing of power and energy. Official sources said the International Monetary Fund (IMF) team made the call in separat
With more than 21 per cent increase compared to the same month last year, money transfers from Bangladeshi expatriates abroad soared to $2.043 billion in April, according to official data, providing some respite for the economy amid a persistent foreign exchange shortage. This brings the total r
Former Bangladesh Bank governor Dr Mohammed Farashuddin Ahmed criticised the central bank's recent actions on bank mergers and acquisitions, as he said the central bank has seen a deterioration of standards in recent years. Bank mergers are not a new concept, and the process is not forceful,
Former governor of Bangladesh Bank, Dr Mohammed Farashuddin, has highlighted significant issues plaguing Bangladesh’s economy including persistent high inflation, continued rescheduling of loans, and the government's reliance on printing currency to meet liquidity shortages. Speaking a
