Finance Minister AHM Mustafa Kamal

Tobacco products to become costlier in FY 2020-21

Cigarettes will be costlier as the finance minister AHM Mustafa Kamal proposed to increase supplementary duty on tobacco consumption.
Gold prices may fall as finance minister proposes withdrawal of import VAT

The price of gold is likely to decline as Finance Minister AHM Mustafa Kamal today proposed withdrawal of VAT on import of gold.
Tk 10,000 crore allocated to combat Covid-19 pandemic

Finance Minister AHM Mustafa Kamal proposed to allocate Tk 10,000 crore to fulfil the emergency requirements to combat the Covid-19 pandemic.
Covid-19 fallout: Finance minister seeks sustained support from AIIB

Finance Minister AHM Mustafa Kamal requests Asian Infrastructure Investment Bank (AIIB) to provide continuous support to minimise the effects of the financial crisis caused by the coronavirus outbreak and the resultant nationwide shutdown.
Finance minister seeks greater support from ADB to face Covid-19 fallout

Finance Minister AHM Mustafa Kamal seeks more assistance from Asian Development Bank (ADB) to tackle the financial crisis thanks to the coronavirus outbreak.
Bangladesh could lose 1.1% of its GDP for coronavirus: finance minister

Finance Minister AHM Mustafa Kamal says Bangladesh could lose 1.1 percent of its GDP growth due to the coronavirus pandemic.
Interest rates on postal savings to rise from March 17: finance minister

Finance Minister AHM Mustafa Kamal says the interest rate on postal savings will go up again from March 17, once the automation process of the Directorate of Posts is completed.
Shares of five govt banks to be offered by Oct 31: Finance minister

Shares of five government banks will be on offer by October 31, Finance Minister AHM Mustafa Kamal says.
Ministers slam RHD officials for poor road planning, maintenance

Two ministers come down heavily on the officials of Roads and Highways Department (RHD) for poor planning and maintenance of roads that causing people’s suffering and wasting public money.
Finance minister slams CPD’s remarks over GDP

Finance Minister AHM Mustafa Kamal has criticised Centre Policy Dialogue (CPD) for its remarks that the ratio of private investment to GDP has been hovering around 23 per cent for the last few years.
Loan defaulter gets remittance award of BB

Bangladesh Bank has handed over the remittance award to loan defaulter and money launderer Shahjahan Bablu without scrutinising his background.
Reforms to fall flat if defaulters spared

Any reforms in the banking sector will not be effective if those are made sparing loan defaulters, says Khondkar Ibrahim Khaled, former deputy governor of Bangladesh Bank.
‘Get listed in stocks market or license to be revoked’

Finance Minister AHM Mustafa Kamal categorically says that the licenses of the insurance companies, those have not been enlisted in the stocks market yet, will be cancelled if they do not do so by the next three months.
17 firms short listed for buying LNG

The government has short listed 17 companies for buying liquefied natural gas (LNG). Cabinet committee on economic affairs approved a master sale and purchase agreement in connection to the purchase.
Khandker Anwarul Islam to be made new cabinet secy

Senior Secretary to the Bridges Division Khandker Anwarul Islam will be appointed as the new cabinet secretary, Finance Minister AHM Mustafa Kamal tells journalists.
Default loans didn’t go up: Finance minister

Finance Minister AHM Mustafa Kamal has asserted that default loans at all banks did not increase in the last six months.
Savings Instrument Tax at source to be slashed back to 5pc

Finance Minister AHM Mustafa Kamal has stepped back from his budget decision to increase the source tax on all national savings instruments to 10 percent, considering that the hike would add more burden on the fixed income groups.
‘7 state-run banks waive Tk 1200cr interest’

State-run commercial and specialised banks waived interest amounting to Tk 1,198.24 crore last year, Finance Minister AHM Mustafa Kamal tells the parliament.
‘Default loan increased by Tk 43,210cr’

The amount of total default loan in the country’s banks and financial institutions has increased by about Tk 43,210 crore since September 2015, Finance Minister AHM Mustafa Kamal informs parliament.
Names of top 300 loan defaulters disclosed

Finance Minister AHM Mustafa Kamal reveals the names of the top 300 loan defaulters in the parliament.
Savings Certificates: Matia decries proposal for tax rise

Former agriculture minister Matia Chowdhury yesterday blasted Finance Minister AHM Mustafa Kamal for his budgetary proposal to increase tax at source on family savings certificate from five percent to 10 percent.
Matia slams finance minister for increasing tax on family savings certificate

Senior Awami League leader Matia Chowdhury lambastes Finance Minister AHM Mustafa Kamal for increasing tax on family savings certificate from five per cent to 10 per cent in the proposed budget for 2019-20 fiscal.
No SRO without abnormal situation: Finance minister

Finance Minister AHM Mustafa Kamal in his budget speech in the parliament says that the government will avoid issuing statutory regulatory order (SRO) without any abnormal situation to bring transparency in the revenue management.
Kamal vows to raise tax-GDP ratio to 15pc in 2yrs

Finance Minister AHM Mustafa Kamal has vowed to raise the tax-GDP ratio to 15 percent in two years from present 10 percent, a move that needs a lot of efforts and investments from the government to achieve.
Finance minister unwell; PM presents remaining budget speech

As Finance Minister AHM Mustafa Kamal has been feeling unwell, Prime Minister Sheikh Hasina took on the task of presenting the remainder of the budget speech at the national parliament.
Less ambitious, more realistic

In a break from the past, Finance Minister AHM Mustafa Kamal will set a more realistic revenue income target in his maiden budget, but may shy away from undertaking some much-needed economic reforms.
Scope likely for whitening black money again

The government may once again offer scope for whitening black money through investment in industries to boost private investment, say finance ministry officials.
No tax hike for next five years

Finance Minister AHM Mustafa Kamal yesterday reassured taxpayers that there would be no hike in tax rates in the coming budget, rather more people would be brought under the tax net so that it widens.
Loan Defaulters: Top 20 named in parliament

As of December last year, there were 2,66,118 loan defaulters in the country, Finance Minister AHM Mustafa Kamal informed parliament yesterday.
CID probe on, Farashuddin report can't be disclosed

The government cannot disclose the Farashuddin-led committee's investigation report on Bangladesh Bank reserve heist so that probe by the Criminal Investigation Department is not “influenced”, Finance Minister AHM Mustafa Kamal told parliament last night.