The National Board of Revenue (NBR) has initiated a major programme to digitally integrate taxpayers’ banking information with its own systems, aiming to streamline tax administration and minimise manual processes. The move is expected to provide taxpayers with effortless access to crucial financial data and reduce reliance on physical documentation. Under the initiative, taxpayers will […]

In a strategic move to strengthen exporters’ financial capacity, the Bangladesh Bank is set to introduce offshore dollar loans at a competitive interest rate of 8%, significantly below the prevailing 14–16% charged on local currency loans. Officials indicate that a formal circular outlining the scheme’s operational framework will be issued shortly. The facility is designed […]

Bangladesh’s foreign-exchange market has come under renewed strain as the central bank investigates what it suspects to be a deliberate attempt by vested quarters to trigger instability and profit from exchange-rate volatility. Officials at Bangladesh Bank report that rumours predicting a sharp depreciation of the taka—potentially to Tk130 per US dollar—have been circulating widely in […]

Dutch-Bangla Bank PLC (DBBL) and Karmasangsthan Bank have signed a strategic agreement aimed at expanding digital financial inclusion and streamlining loan repayment and savings collection processes across Bangladesh. The initiative is designed to allow borrowers to make instalment payments and deposit savings through modern banking channels, significantly reducing reliance on traditional cash-based transactions and improving […]