Inside Economy


TK 5,000 crore remittance arrived only in 7 days

Amid various discussions and worries about the country's economy, 550 million dollar remittances came in the first seven days of August, which is equal to Tk 5 thousand 225 million at the current exchange rate (95 Tk per dollar). Last July, expatriates sent remittances worth 2,090 million dollars which is equal to 19 thousand 792 million 30 million Bangladeshi taka. Read More...

Ctg customs realises 15pc VAT from bitumen importers

The Chattogram Customs House has started to realise VAT from the business houses which imported bitumen and got it released without paying revenue as per amended SRO. It already served notice upon three importers for realising VAT against seven released consignments. The customs realised Tk 43 lakh from an importer as against the released bitumen... Read More...

Central Bank identified 10 weak banks

Bangladesh Bank has marked 10 banks as weak banks. This list has been made by considering the level of classified loans, capital adequacy, loan-deposit ratio and the amount of provisioning or security. Read More...

Inflation drops in July compared to June

Inflation eased in July compared to June. What was 7.56 percent in June has decreased to 7.48 percent in July. Planning Minister MA Mannan gave this information in a press conference at the Planning Commission on Wednesday (03 August). Read More...

$33 billion trade deficit in Bangladesh for 2021-22 FY

The financial year 2021-22 has just ended. In this financial year, the trade deficit is 33.25 billion dollars (more than 3 lakhs 14 thousand crore Tk), which is the highest in the history of the country. At the same time, the deficit in the current account balance of foreign transactions also exceeded 18.5 billion dollars. Last financial year there was a trade deficit of 23.77 billion dollars. Read More...

Remittance flow increased, Tk 15600 crore came in 21 days.

The remittance flow of the country has returned again. This flow increased due to remittances sent by expatriates during the month of Eid. In the first 21 days of this July, 164 crore 28 million USD of remittances have arrived in the country. As per the current exchange rate of the local currency (Tk 95 per dollar), this amount is Tk 15 thousand 606 crore. An average of 743 crores per day. Read More...


Remittance flow increased, Tk 15600 crore came in 21 days

The remittance flow of the country has returned again. This flow increased due to remittances sent by expatriates during the month of Eid. In the first 21 days of this July, 164 crore 28 million USD of remittances have arrived in the country. As per the current exchange rate of the local currency (Tk 95 per dollar), this amount is Tk 15 thousand 606 crore. An average of 743 crores per day. Read More...

$67 Billion export revenue target for current FY

Bangladesh sets a target of $67 billion export earnings for the current financial year (2022-23). "Export target for current fiscal has been set as $67 billion. We have earned 60 billion dollars in exports in 2021-21 financial year. Considering all aspects, this time the target of export earnings has been increased by 11 percent to 67 billion dollars. Of these, $58 billion will come from goods exporting and $9 billion from the service sector," said Commerce Minister Tipu Munsh Read More...

Bangladesh second largest economy in South Asia

Bangladesh is ranked as the 41st largest economy in the world in terms of gross domestic product (GDP) and the second in South Asia. The information has been provided by the Canadian-based news organization Visual Capitalist IMF. Read More...

Euro hits US dollar parity for first time in 20 years

The US dollar’s role as the go-to currency for investors worried about the economic outlook has been boosted in recent weeks, with the US currency roaring to two-decade highs against multiple currencies. Read More...

More than Tk 5,000 crore remittances in last 5 days

Eid-ul-Azha, one of the major religious festivals of Muslims, is just two days away. In the meantime, a record amount of remittances has started coming to the country. Expatriate Bangladeshis are sending money to their family in order to buy sacrificial animal and celebrate Eid. As a result, remittances have reached $536 million in the last five days, which is more than Tk 5,000 crore in Bangladeshi currency. Read More...

Indian traders are keen on joint ventures in the jewelery industry

Responding to a call from Bangladesh Jewelers Association (BAJUS) President Sayem Sobhan Anvir, India's top businessmen have expressed interest in jointly investing in setting up new factories in the country's jewelery industry. Read More...

Cigarette price to go up

The government plans to push the price of cigarettes up in a bid to reduce the consumption of tobacco products and maximise revenue collection from this sector. Finance Minister AHM Mustafa Kamal made the announcement while reading out the budget for the 2022-23 fiscal year on Thursday. Read More...

Budget FY 23: Revenue collection target sets at 4,33,000 crore

The government has fixed Tk 4,33,000 crore as revenue collection target for the fiscal year 2022-2023. Of this, NBR will collect Tk. 3,70,000 crore and another Tk. 63,000 crore will be collected from other sources. Read More...

Inflation target set at 5.5% in the proposed budget

Finance Minister AHM Mustafa Kamal today presented a national budget of Tk 678,064 crore for the 2022-23 fiscal year. In the proposed budget, the inflation target has been set at 5.5 percent. Read More...

31.42 lakh metric tons’ food grains to be collected in 2022-23 FY

Finance Minister AHM Mustafa Kamal has set a target of procuring 31.42 lakh metric tonnes of food grains from internal sources in the coming 2022-23 fiscal year. This information was given by the Finance Minister while presenting the budget for the fiscal year 2022-23 in the National Assembly on Thursday (June 9). Read More...