Economy

NBR seeks bank account details of more doctors

  

PNS News : The National Board of Revenue (NBR) has sought bank account details of several more specialist doctors in a bid to find their suspected tax dodging. Several tax zones of the revenue board sent letters to banks on Tuesday asking for account information of the physicians who work at different renowned private and public hospitals and clinics mostly in capital Dhaka.The NBR sought details of all savings instruments, term deposits, fixed deposits, current and savings account...

32% of ADP has implemented in seven month

  

PNS News : Bangladesh government says it has implemented 32 percent of its Annual Development Program (ADP) in the first seven months of the current fiscal (July-January).The rate is one percent higher from what it was last year. So far, Tk 271.63 billion out of Tk 860 billion ADP has been spent, Planning Minister AHM Mustafa Kamal told reporters Tuesday.Only 28 percent of the ADP was executed in the first six months. The minister hoped the rate would be ‘close to 100 percent’ by the...

Cutting of capital from others districts is a major threat for economy

  

PNS News : Serious transport disruption between Dhaka and districts for more than one month due to the opposition's blockade has emerged as a major threat to the economy.The capital's getting cut off from districts is dangerous for the economy and “this is the most serious concern", finance minister AMA Muhith added, "We will have to keep the districts functional."As the BNP-led alliance began enforcing the countrywide blockade on January 6, pickets resorted to deadly arsons and...

GDP of current financial year become uncertain: Finance Minister

  

PNS News : Finance Minister AMA Muhith on Saturday said attaining the targeted GDP (gross domestic product) growth in the current financial year had become uncertain because of the ongoing countrywide blockade and recurring hartals since January 5."Growth prospect is now highly doubtful," the minister told a press conference at his secretariat office while responding to journalists about the prospect of the economy and the possible fallouts from the current volatile political...

Iraq today proposed resumption of direct air link with Dhaka

  

PNS News : Iraq today proposed resumption of direct air link between Dhaka and Baghdad and expressed keen interest to import world-class Bangladeshi jute and jute goods, ceramic, titles, pharmaceuticals, readymade garments and other exportables.Outgoing Iraqi Ambassador Shakir Qasim Mahdi said this during a farewell call on Prime Minister Sheikh Hasina at her office today.Briefing reporters after the call on, PM's Press Secretary AKM Shameem Chowdhury said the Iraqi envoy underscored...

Saudi Arabia reopen manpower market for Bangladeshi workers

  

PNS News : The government of Saudi Arabia has got the green light from Royal Court to reopen manpower market for Bangladeshi workers.The approval reached the Ministry of Labour of Saudi Arabia on Sunday, Bangladesh Ambassador to Saudi Arabia Shahidul Islam said. He said Ahmed F Alfahaid, deputy minister for international affairs at the Ministry of Labour, had informed him about the development over telephone.Alfahaid said that a high-level Saudi delegation comprising representatives...

Stop violence, save economy

  

PNS :Leaders of Country's top business and export organizations have urged the political parties to stop mindless violence across the country to keep the wheel of the economy moving.Denouncing the countrywide arson attacks, they also urged the political parties to take steps against violence and arson attacks, stop killings, ensure safety and security of ready-made garment [RMG] sector and keep the Dhaka-Chittagong Highway free from blockade and hartal. In this backdrop, they submitted...

Blockade costs realtors Tk 792cr

  

PNS: The real estate sector has incurred Tk 792 crore losses till yesterday due to the ongoing non-stop blockade, which has disrupted the sector's supply chain. Real Estate and Housing Association of Bangladesh (REHAB) members shared this information at a press conference held at the National Press Club in the capital yesterday. They also sought peaceful political programmes from the political parties to keep the economy functional.In a written statement, Md Wahiduzzaman, general...

Bangladesh would become a poverty free country by 2018 : Finance Minister

  

PNS News : Bangladesh would become a poverty free country by 2018, the Finance Minister AMA Muhith claimed this as all countrymen are currently employed and contributing to the economy. As per his prediction the country’s poverty rate would come down to 12% by 2018. He stated this fact while taking part in the thanks-giving motion on the president’s speech in parliament.He said the standard poverty rate for a country to be dubbed poverty-free was 10-14%. Malaysia has exceptionally 7% of...

PM ordered to finish projects on time

  

PNS News : All development projects must be finished on schedule despite strikes and blockades, says Prime Minister Sheikh Hasina.Briefing the Planning Commission on Wednesday, Hasina described the strikes and blockades as 'man made impediments' and insisted all projects must be completed on time despite these problems."Natural calamities used to be the main worry for completing development projects. Now we have to handle man made calamities apart from those caused by Nature. But we...

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