The advisory council has given the final approval in principle to the draft of the Interim Government Ordinance, 2024. This approval was given during a meeting of the Advisory Council held on Thursday (19 September), presided over by Chief Adviser Prof Muhammad Yunus, said a press release. According to the press release from the Cabinet…

It may seem that detained tycoon Salman F Rahman’s flagship company, Beximco Limited, which primarily operates in textiles, discovered Aladdin’s lamp in 2021-22, with revenue skyrocketing from Tk1,982 crore to Tk7,336 crore in just two years.  In that year, Beximco launched the first Sukuk bond—an Islamic asset-backed borrowing instrument—to finance its 200MW Teesta Solar Power…

The World Bank (WB) is ready to be a part of key economic reforms of the interim government, a visiting top official of the multilateral lender said on Thursday. Martin Raiser, a vice president (VP) of the World Bank, made the comments after meeting Chief Adviser (CA) Professor Muhammad Yunus at his Tejgaon office in…

Experts have collectively noted that the government service holders, constitutional post holders and the judiciary are the highest beneficiaries of the current income tax law. They have noted this disparity as unconstitutional and urged reforms as all citizens are equal, hence, the laws must be equally implemented on all. The taxation experts expressed that the…