Finance Minister AHM Mustafa Kamal

A budget divorced from reality

Self-contradictory is what best describes Finance Minister AHM Mustafa Kamal’s fifth budget, and the last of the Awami League-led government’s current term.

Stress on forex reserves to ease soon: Kamal

Finance Minister AHM Mustafa Kamal today in his budget speech hoped that the ongoing stress in the foreign exchange reserves would improve in a short period of time.

Kamal proposes formulating rules for tax return preparers

Finance Minister AHM Mustafa Kamal today proposed formulating rules for authorising tax return preparers (TRPs) in Bangladesh with a view to expanding the tax net by adding more individual taxpayers.

A bleak time to draw up budget

In June last year when Finance Minister AHM Mustafa Kamal placed the budget in parliament, inflation had already been creeping up and the foreign currency reserves were on the decline. These two had derailed the full economic recovery from a two-year crisis wrought by the Covid pandemic.

Top 20 loan defaulters have Tk 19,283.93 crore in debt

The top 20 defaulters in the country have a total debt of Tk 19,283.93 crore while the amount of defaulted loans is Tk 16,587.92 crore.

Kamal doesn’t know what is wrong with the banking sector

Islami Bank, Social Islami Bank and First Security Islami Bank lent about Tk 9,500 crore under suspicious circumstances, as reported by different media. Of the sum, Tk 7,246 crore has been taken from Islami Bank alone.

Govt seeks more cheap loans from WB

The government yesterday sought more loans in concessional terms from the World Bank despite being the largest recipient of such funding as well as more budget support as it looks to shake off the impacts of the pandemic and the Ukraine war.

Now $2b loan talks with WB begin

After the International Monetary Fund it is now its sister concern World Bank’s turn to negotiate economic reforms with the government for the prospective $2 billion financial support package sought to help the country weather the global economic turmoil.

Requesting IMF loan doesn’t mean anything is wrong with economy: Finance Minister

Confirming Bangladesh’s request for a loan from International Monetary Fund (IMF) Finance Minister AHM Mustafa Kamal has said that it does not mean the country's economy is in bad shape.

June 2, 2023
June 2, 2023

A budget divorced from reality

Self-contradictory is what best describes Finance Minister AHM Mustafa Kamal’s fifth budget, and the last of the Awami League-led government’s current term.

June 1, 2023
June 1, 2023

Stress on forex reserves to ease soon: Kamal

Finance Minister AHM Mustafa Kamal today in his budget speech hoped that the ongoing stress in the foreign exchange reserves would improve in a short period of time.

June 1, 2023
June 1, 2023

Kamal proposes formulating rules for tax return preparers

Finance Minister AHM Mustafa Kamal today proposed formulating rules for authorising tax return preparers (TRPs) in Bangladesh with a view to expanding the tax net by adding more individual taxpayers.

May 31, 2023
May 31, 2023

A bleak time to draw up budget

In June last year when Finance Minister AHM Mustafa Kamal placed the budget in parliament, inflation had already been creeping up and the foreign currency reserves were on the decline. These two had derailed the full economic recovery from a two-year crisis wrought by the Covid pandemic.

January 24, 2023
January 24, 2023

Top 20 loan defaulters have Tk 19,283.93 crore in debt

The top 20 defaulters in the country have a total debt of Tk 19,283.93 crore while the amount of defaulted loans is Tk 16,587.92 crore.

December 1, 2022
December 1, 2022

Kamal doesn’t know what is wrong with the banking sector

Islami Bank, Social Islami Bank and First Security Islami Bank lent about Tk 9,500 crore under suspicious circumstances, as reported by different media. Of the sum, Tk 7,246 crore has been taken from Islami Bank alone.

November 14, 2022
November 14, 2022

Govt seeks more cheap loans from WB

The government yesterday sought more loans in concessional terms from the World Bank despite being the largest recipient of such funding as well as more budget support as it looks to shake off the impacts of the pandemic and the Ukraine war.

November 12, 2022
November 12, 2022

Now $2b loan talks with WB begin

After the International Monetary Fund it is now its sister concern World Bank’s turn to negotiate economic reforms with the government for the prospective $2 billion financial support package sought to help the country weather the global economic turmoil.

July 27, 2022
July 27, 2022

Requesting IMF loan doesn’t mean anything is wrong with economy: Finance Minister

Confirming Bangladesh’s request for a loan from International Monetary Fund (IMF) Finance Minister AHM Mustafa Kamal has said that it does not mean the country's economy is in bad shape.

July 20, 2022
July 20, 2022

Inflation not nine-year high at 7.56%, it 5.9%: Kamal

Finance Minister AHM Mustafa Kamal criticised media for reporting that inflation hit a nine-year high in June.