Another condition of the IMF to increase revenue collection is to eliminate all types of tax exemptions. The exemption is to be withdrawn in three phases by July 1, 2027. The process of withdrawing these exemptions has started. For example, the nominal tax for textile exporters has been removed and reverted to the previous position. […]
An IMF spokesman in Washington said on Monday, “We look forward to working closely with President Dissanayake … to build on the hard-earned achievements that have put Sri Lanka on the path to economic recovery.” “I have helped.” “We will discuss with the new administration the timing of the third review of the IMF-supported program […]
The central bank had in June asked four state-run banks to bring down default loans to within 12 per cent as part of their loan conditions from the International Monetary Fund (IMF). The banks are – Sonali Bank, Agrani Bank, Janata Bank and Rupali Bank. However, none of the banks have been able to bring […]
Earlier, IMF Executive Director Krishnamurthy V Subramanian held a meeting with Finance Minister Abul Hassan Mahmud Ali at the Secretariat on May 26. After the meeting, the minister quoted the IMF official as saying that Bangladesh is now on track and the third tranche will be disbursed by June. Earlier, Chris Papageorgiou, head of the […]
prothom hello , We see that the value of the dollar is increasing. Now the government has used the crawling peg system to devalue the taka. Many people say that this should have been done earlier. What do you say? Can this creeping peg measure make any difference now? Zahid Hussain There are questions about […]
Calculations have shown that if a country takes a $1 billion loan from China, it will have to pay an average of $100 million of principal per year for the next 10 years, excluding the grace period, while the World Bank says This is $33.3 million annually. , Talking about this, Zahid Hussain, former chief […]
Responding to a question about bank mergers, Chris Papageorgiou said that this initiative of Bangladesh Bank is needed because of the 61 banks of Bangladesh, some are very strong while others are not. The IMF team expressed satisfaction that Bangladesh has introduced the monthly fuel oil price adjustment system. Chris Papageorgiou commented, “The authorities have […]
In the meeting, the IMF wanted to know whether the Central Bank's inspection of the financial health of the banks is continuing or not. Clarification has also been sought as to whether the inspection reports are communicated to the customers or not. Besides, the IMF delegation suggested increasing the quality and number of inspections to […]
The fourth part of the Sixth Schedule of the Income Tax Act provides 10 years of tax exemption to 33 types of organizations in the manufacturing sector. Sectors in this list include active pharmaceutical ingredients and radiopharmaceuticals, agricultural equipment, automatic bricks, automobiles, barrier contraceptives and rubber latex, basic elements of electronics such as resistors, capacitors, […]
