Muhith was a freedom fighter and among the earlier diplomats who pledged their allegiance in support of an independent Bangladesh.
Four state-run and three private banks are facing capital deficit of Tk 9417.42 crore as of September, 2017, Finance Minister Abul Maal Abdul Muhith tells parliament.
Two former law ministers of the previous Awami League and BNP governments yesterday criticised Finance Minister AMA Muhith's for his comment that parliament would pass the 16th constitutional amendment time and again.
The total amount of default loan in the country now stands at Tk 1,11,347 crore, Finance Minister AMA Abdul Muhith tells parliament.
Reiterating his determination to keep 15 percent unified value-added tax (VAT) in the next fiscal, Finance Minister AMA Muhith claims that the uniform VAT will not affect the price of essentials.
The challenge of attracting private investment remains the same as the government in the proposed budget for 2016-17 fiscal year did not give any clear outline to boost confidence of investors, Centre for Policy Dialogue (CPD) says in its budget reaction.
The finance minister proposes changes to duties and taxes on different products, which will result in increase and decrease in their prices.
The government is considering to implement an integrated government-run pension framework for self-employed and employees of private organisations.