The Pulse Today
BREAKING
Sajib Pledges Aid for 50,000 Flood-Affected People in SonargaonMP Azharul Islam Mannan Distributes Relief Funds to Needy Families in SonargaonParliament Proposes Anti-Gambling Bill with Maximum 7-Year Prison PenaltyOpenAI Unveils 'Schedule' Feature to Boost Task Management in AI ChatbotPrime Minister Tareq Rahman Arrives in Dalian, China for Economic ForumEurope Confronts Intense Heatwave; Conditions Predicted to DeteriorateGold Prices Rise Again in Bangladesh Amid Global Market IncreaseSpaceX's Nasdaq Debut Values Company at Over $2 Trillion, Surpassing AmazonStudy Reveals AI Data Centers Contribute to Local Temperature IncreasesNarayanganj BNP Youth Wing Holds Rally to Welcome New Central CommitteeCarney Highlights Canada's Investment Appeal Amidst Rising US Trade TensionsFormer Google Engineer Warns of Uncontrollable AI with Potential to 'Kill Us All'Matt Renshaw's Maiden ODI Century Powers Australia to Victory Over ZimbabweMinister Mintoo Urges Collective Action to Combat Social Decay and CorruptionMinister Kaikobad Calls for Hassle-Free 2027 Hajj Operations in BangladeshInaugural Standing Committee Meeting on Information Ministry Focuses on Accountability and TransparencyTaskin Ahmed and Ebadot Hossain Inspire Fast Bowlers at Nationwide Talent Hunt LaunchFlick endorses 'self-confident' Yamal's bid for Ballon d'OrEnhanced Gas Supply Boosts Optimism Among Bangladesh Industrial BusinessesPresident Alamgir Urges Increased Investment in Sylhet’s Tourism and Tea IndustriesRobi and BCB Initiate Nationwide Search for Promising Fast Bowlers and SpinnersSaudi Crown Prince Mohammed bin Salman Meets Egypt's Sisi Amid Rising Houthi ThreatBangladesh's RMG Exports to US Increase by 11.42% in July-AugustMoody's Upgrades Bangladesh's Sovereign Outlook to Stable Amid Improved External PositionDhaka Stock Exchange Sees Rebound from Bargain Hunting and Improved Investor Confidence

Bangladesh Bank Simplifies Ship Lease Payment Process for Maritime Sector

Bangladesh Bank has introduced a new policy to facilitate easier payment of ship lease rentals for local shipping companies.

By Staff Correspondent
Share
জাহাজ ইজারার ভাড়া পরিশোধ সহজ করল বাংলাদেশ ব্যাংক

Bangladesh Bank has allowed authorized dealer (AD) banks to send foreign currency for lease payments of ships taken on lease by locally registered shipping companies. This move aims to strengthen the country's maritime sector and increase the number of Bangladeshi-owned seagoing vessels. The new policy applies the same procedures used for aircraft lease rentals. Companies must obtain necessary permissions and submit regular reports to Bangladesh Bank.

Officials from Bangladesh Bank say this initiative will help local shipping companies expand their seagoing vessel operations. It is also expected to increase foreign currency earnings and reduce dependence on foreign ships, contributing to foreign currency savings for the country.

FAQ

What is the main goal of the new policy?
To increase the number of Bangladeshi-owned seagoing vessels and strengthen the maritime sector.
What must companies do to comply with the new policy?
Obtain necessary permissions and submit regular reports to Bangladesh Bank.

Topics

Comments

More in Economy

See all →

Latest stories