The National Board of Revenue (NBR) is taking preparations to launch its drive against the corrupt government officials for restoring the pride of the public servants which has been demolished in the course of time. According to some NBR top level officials, the revenue collecting authority is working seriously regarding the
Author: Fahad Ferdous, UNB
Tax return to be linked with more services
Govt explores avenues to boost revenue collection
Bangladesh has significant potential for mobilising revenue collection, as highlighted by a recent official assessment on revenue buoyancy, a measure reflecting how tax revenues respond to economic growth. Revenue buoyancy, the responsiveness of revenues to gross domestic product (GDP), is a critical metric for gauging the performance of a revenue system
NBR Advisory Committee seeks stakeholder proposals for reforms
The newly formed five-member Advisory Committee, tasked with recommending reforms for the National Board of Revenue (NBR), has begun reaching out to stakeholders for input on pro-people changes. The committee is sending letters to private sector associations, including the FBCCI, MCCI, ICCB and ERF, seeking proposals to guide its reform efforts. “We
Govt looks to see export growth despite trade shifts
Bangladesh, a South Asian country with a population of 18 crore people going through a political instability, expects substantial export growth although the Global trade dynamics have undergone significant shifts in recent years. A document of the Ministry of Finance expected the growth based on the projection of the World Trade
Govt moves to boost rural employment
In an effort to revitalize rural economies and generate employment, the Interim Government has initiated new development projects aimed at injecting fresh capital into rural areas. At the same time, it plans to amend and refine ongoing projects that were initiated by the previous Awami League government. The move comes as
Economy faces challenge as investment halts
The economy of the country is experiencing a challenging period, with public and private investments coming to a near standstill over the past few months. Private sector investment has hit a low, as many industrial and bank owners are not present in their respective areas. Consequently, the resumption of activities in
How Thakugaon is becoming hub of dev
Thakurgaon, the northernmost district of the country, has long been known for its dependence on agriculture and some agro-based products with few industries. That has changed now. In the past 14 and a half years of the Awami League rule the otherwise backward region has witnessed radical changes in development, infrastructure, education,
Govt plans reforms to bolster macroeconomic stability
The government has undertaken a series of medium-term (2025-26) reforms aimed at bolstering macroeconomic stability and promoting long-term growth apart from immediate policy responses due to the global and national economic contexts. The main objectives of these reforms include enhancing revenue generation, reducing the borrowing costs of the public sector, curbing
