Muhith was a freedom fighter and among the earlier diplomats who pledged their allegiance in support of an independent Bangladesh.

Four state-run and three private banks are facing capital deficit of Tk 9417.42 crore as of September, 2017, Finance Minister Abul Maal Abdul Muhith tells parliament.

Two former law ministers of the previous Awami League and BNP governments yesterday criticised Finance Minister AMA Muhith's for his comment that parliament would pass the 16th constitutional amendment time and again.

The total amount of default loan in the country now stands at Tk 1,11,347 crore, Finance Minister AMA Abdul Muhith tells parliament.

Reiterating his determination to keep 15 percent unified value-added tax (VAT) in the next fiscal, Finance Minister AMA Muhith claims that the uniform VAT will not affect the price of essentials.

The challenge of attracting private investment remains the same as the government in the proposed budget for 2016-17 fiscal year did not give any clear outline to boost confidence of investors, Centre for Policy Dialogue (CPD) says in its budget reaction.

The finance minister proposes changes to duties and taxes on different products, which will result in increase and decrease in their prices.

The government is considering to implement an integrated government-run pension framework for self-employed and employees of private organisations.

Finance Minister AMA Muhith proposes to set October 30 as the official ‘Tax Day’ changing it from September 30.

A cash incentive scheme has been proposed for 16 export goods in the budget for next fiscal to boost the demand for those goods in external markets.

The price of cigarette is set to go up as finance minister proposes tax measures to reduce the use of tobacco and maximise the revenue from this sector.

The government has backtracked on its move to implement the new VAT law from the start of the new fiscal year in the face of resistance from businesses, a section of revenue officials and inadequate preparation by the National Board of Revenue (NBR).

Finance Minister AMA Muhith says that the government is determined to bring all those involved in stealing money from the central bank’s account with Federal Reserve Bank of New York – be it foreigners and local.

Despite opposition from businesses, Finance Minister AMA Muhith says a uniform 15 percent VAT will be applicable from next fiscal year.

The public university professors will get promotions to grade 2 and grade 1 of the eighth national pay scale without selection grade, a cabinet committee meeting decides.

Bangladesh Bank Governor Atiur Rahman submits resignation letter to the PM amid criticism over the heist of US$101m from the central bank’s account with Federal Reserve Bank of New York by hackers last month.

The finance ministry will take action against Bangladesh Bank for not informing the government formally about the bank’s $101 million cyber heist, Finance Minister AMA Muhith says.