The Bangladesh Bank (BB) has allowed the extended payment against imports of industrial raw materials – to 360 days from 180 – to remain in place till December 2023. Previously, this facility was available till June this year. The payment period, also known as usance period, is the time permitted by custom,
Tag: Raw material
Real estate sector in misery as raw material prices surge
A surge in prices of construction materials put the real estate industry in misery as the sector was just getting momentum after a long spell of pandemic-driven slowdown. Prices of steel, cement, bitumen and cement rose significantly over the past one year, but the realtors found it difficult to make the