Finance Minister AHM Mustafa Kamal
Kamal leaves for India to join G20 summit
Bangladesh is one of the nine guest countries of the summit this year
9 banks waived Tk 8,405 crore interest in 2022: Kamal
4,621 loan recipients to get the benefit, the finance minister said at the parliament
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.
Tobacco products to become costlier in FY 2020-21
Cigarettes will be costlier as the finance minister AHM Mustafa Kamal proposed to increase supplementary duty on tobacco consumption.
Gold prices may fall as finance minister proposes withdrawal of import VAT
The price of gold is likely to decline as Finance Minister AHM Mustafa Kamal today proposed withdrawal of VAT on import of gold.
Tk 10,000 crore allocated to combat Covid-19 pandemic
Finance Minister AHM Mustafa Kamal proposed to allocate Tk 10,000 crore to fulfil the emergency requirements to combat the Covid-19 pandemic.
Covid-19 fallout: Finance minister seeks sustained support from AIIB
Finance Minister AHM Mustafa Kamal requests Asian Infrastructure Investment Bank (AIIB) to provide continuous support to minimise the effects of the financial crisis caused by the coronavirus outbreak and the resultant nationwide shutdown.
Finance minister seeks greater support from ADB to face Covid-19 fallout
Finance Minister AHM Mustafa Kamal seeks more assistance from Asian Development Bank (ADB) to tackle the financial crisis thanks to the coronavirus outbreak.
Bangladesh could lose 1.1% of its GDP for coronavirus: finance minister
Finance Minister AHM Mustafa Kamal says Bangladesh could lose 1.1 percent of its GDP growth due to the coronavirus pandemic.
Interest rates on postal savings to rise from March 17: finance minister
Finance Minister AHM Mustafa Kamal says the interest rate on postal savings will go up again from March 17, once the automation process of the Directorate of Posts is completed.
Shares of five govt banks to be offered by Oct 31: Finance minister
Shares of five government banks will be on offer by October 31, Finance Minister AHM Mustafa Kamal says.
Ministers slam RHD officials for poor road planning, maintenance
Two ministers come down heavily on the officials of Roads and Highways Department (RHD) for poor planning and maintenance of roads that causing people’s suffering and wasting public money.
Finance minister slams CPD’s remarks over GDP
Finance Minister AHM Mustafa Kamal has criticised Centre Policy Dialogue (CPD) for its remarks that the ratio of private investment to GDP has been hovering around 23 per cent for the last few years.
