Tuesday, May 21, 2024

SCB supports 1.1pc of country’s GDP: study

Stanadard Chartered Bank supports, directly and indirectly, 1.1 per cent of Bangladesh’s GDP and 3.3 per cent of total tax receipts to the Bangladeshi government, according to a recent independent study. Through its direct tax payments, the bank is one of the single most important tax payers in Bangladesh, said a press release.

IMF projects 6pc GDP growth

The International Monetary Fund on Tuesday said that Bangladesh’s GDP would grow by 6 per cent this fiscal year, lowering its earlier projection of 6.1 per cent. The IMF projection, however, is slightly higher than the World Bank and Asian Development which estimated that the country’s GDP would grow by 5.8 per cent