Taka Allowed for Cross-Border Trade Settlements

Bangladesh Bank has issued a major policy directive allowing Authorized Dealer (AD) banks to open Taka-denominated Vostro accounts in the names of foreign correspondent banks to settle bilateral trade transactions. This crucial decision aims to facilitate import and export activities with trade partners using Bangladeshi Taka rather than relying exclusively on foreign Continue Reading

Launch Fares Increase

Following an increase in public transport fares due to the rise in fuel prices, launch fares have also been increased. Launch fares have been raised by 7.54 percent, with the minimum passenger fare set at Tk 35. The fare for the first 100 kilometres has been increased by 23 poisha per kilometre. For distances beyond […]Continue Reading

Chittagong Port Goes Paperless

Chittagong Port is set to become a fully paperless and smart port by December. The information was disclosed at a meeting reviewing the overall progress of port services. The Chittagong Port Authority has stepped up digitalisation and automation to simplify services for port users, expedite cargo clearance, ensure transparency and reduce traffic congestion in the […]Continue Reading

Jaiswal Signals Willingness to Improve Ties with Dhaka

India wants to take its relations with Bangladesh in a positive, constructive and forward-looking direction. New Delhi is ready to discuss all bilateral issues within the existing institutional mechanisms between the two countries, Indian Ministry of External Affairs spokesperson Mr. Randhir Jaiswal said. He made the remarks in response to several questions about Continue Reading