Payment period for raw material imports extended

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,

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