Bangladesh has sought assistance from the International Monetary Fund (IMF) to address the economic challenges arising from the ongoing war situation, particularly in the energy sector. The IMF has expressed its willingness to stand by Bangladesh. IMF’s Director for Asia and the Pacific Department, Krishna Srinivasan, met with Prime Minister Tareq Rahman at the Secretariat. Various related issues were discussed during the meeting, according to sources. A review meeting regarding... »
The United States of America (the United States) and the People’s Republic of Bangladesh (Bangladesh) have agreed to an Agreement on Reciprocal Trade (Agreement) to strengthen our bilateral economic relationship. The Agreement will provide U.S. and Bangladeshi exporters unprecedented access to each other’s respective markets. The Agreement will build upon our longstanding economic relationship, including the U.S.-Bangladesh Trade and Investment Cooperation Forum Agreement (TICFA), signed in 2013. Key terms of... »
The Bangladesh Petroleum Institute (BPI) has signed memorandums of understanding (MoUs) with five institutions to promote cooperation in research, education, training, and technological development in the country’s energy and mineral resources sector. The agreements, titled “Support for Energy Research and Capacity Development,” were signed on Saturday at the BPI headquarters in Dhaka. Energy and Mineral Resources Division Secretary Mohammad Saiful Islam attended the signing ceremony as the chief guest, while... »
In a major development for governance and economic accountability, the United States government’s 2025 Fiscal Transparency Report has spotlighted Bangladesh’s new direction: all future natural resource extraction contracts will be awarded through fully open and transparent procurement processes, a decisive break from the past. The report, released Friday, acknowledges that while Bangladesh’s fiscal systems still face structural gaps, the country’s non-political interim government has taken “significant reform steps” with the... »
Muhammad Fauzul Kabir Khan, Adviser to the Ministry of Power, Energy and Mineral Resources, has announced that outstanding dues in the energy sector amounted to Tk 3.2 billion, most of which have already been cleared. He further stated that unnecessary expenditures and projects have been shut down. The adviser made these remarks while speaking at a dialogue titled “Security, Corruption and Energy” organized by the Center for Governance Studies (CGS)... »
A bilateral meeting was held today between the Ministry of Agriculture of the People’s Republic of Bangladesh and the General Administration of Customs of the People’s Republic of China (GACC). The Bangladesh delegation was led by Lieutenant General (Retd.) Md. Jahangir Alam Choudhury, Adviser for the Ministry of Agriculture and Home Affairs, while the Chinese side was headed by Mr. Wang Lingjun, Vice Minister of GACC. Discussions focused on deepening... »
Power, Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan today said the advisory committee on trade and commerce, industry, ports and revenue collection will recommend an amendment to the ordinance issued to split the National Board of Revenue (NBR) into two separate entities. The advisor said that income tax and customs-VAT officials have agreed to the division. He added, “Some clever tactics were used in the formulation of this... »