The body of former Finance Minister AMA Muhith reached in Sylhet around 10pm yesterday (April 30, 2022) where people were waiting to see one of the region's proudest sons for the last time.
Over the last 50 years of Bangladesh’s existence, we have seen many finance ministers. AMA Muhith was among those few who this nation will remember for making the job appear joyful and free from the pains of balancing difficult trade-offs amid resource constraints.
Muhith was a freedom fighter and among the earlier diplomats who pledged their allegiance in support of an independent Bangladesh.
Former finance minister AMA Muhith has said his successor faces three major challenges: increasing the size of the national budget, realising more revenue and improving the banking sector.
AMA Muhith yesterday said he would remain as the finance minister for another year, if Prime Minister Sheikh Hasina wanted him to do so.
Both public and private banks have decided to lower lending rates to single digits from July 1 -- a move that comes weeks after the government showered them with a raft of privileges, drawing criticism from different quarters.
Despite criticism from the opposition and government lawmakers over widespread irregularities in the banking sector, Finance Minister AMA Muhith yesterday in parliament kept mum about the issue.
In a rare show of anger and frustration, some ruling party and opposition lawmakers blasted the finance minister in parliament yesterday for his complete silence on the widespread irregularities in the banking sector during his budget speech.
Finance Minister AMA Muhith says that state owned banks and Investment Corporation of Bangladesh (ICB) will buy 60 percent shares of trouble-hit The Farmers Bank Limited.