The Barapukuria thermal power plant in Parbatipur, Dinajpur, has been shut down again after operating for only 15 hours. The plant had resumed production at 8 p.m. on Friday, April 24, following a 48-hour closure caused by a boiler pipe burst and a broken cooling fan that halted its 125-megawatt first unit on Wednesday night. However, production stopped again around 11:30 a.m. on Saturday when another boiler tube burst.

The complete shutdown of the plant has caused power outages across Parbatipur and eight northern districts. Chief engineer Abu Bakkar Siddique stated that production was halted due to the tube burst and that the boiler steam needs time to cool down. He estimated that full repair work could take five to six days to complete.

The repeated technical failures have disrupted electricity supply in the region, and restoration is expected only after the repair process is finished.

Farmers in Bogura have completed onion harvesting with strong yields, but they are not receiving fair prices. While storage-grade onions from Pabna and Kushtia are selling at Tk 35–40 per kilogram, regular onions are priced between Tk 25–30. Traders and growers report that market supply has dropped, pushing prices up by about Tk 5 per kilogram in the past two days. They expect prices to double before the upcoming Eid-ul-Azha if the trend continues.

Light rain before harvest caused minor damage in several onion-producing districts, including Pabna, Faridpur, Rangpur, and Natore, leading to lower prices for blemished onions. In contrast, the dry, long-lasting “murikata” variety is being stored by farmers and traders, reducing immediate market supply. Nationally, onion production targets have been met, with major output from Pabna, Kushtia, Rajshahi, and Rangpur regions.

Wholesalers in Bogura’s markets say farmers are storing onions due to dryness and quality, while large traders are stockpiling murikata onions. This storage trend is tightening supply and driving prices upward, with expectations of further increases in the coming days.

The United States has seized cryptocurrency assets worth $344 million connected to Iran, according to a statement released on Friday by U.S. Treasury Secretary Scott Besent. He announced the action through a post on social media platform X, emphasizing that the Treasury Department will continue efforts to systematically weaken Tehran’s ability to generate, transfer, and repatriate funds.

Besent added that the seizure was carried out by imposing sanctions on multiple digital wallets associated with Iran. A U.S. official, speaking anonymously, said that digital assets are now being targeted alongside traditional methods such as fake companies used to evade sanctions.

The announcement underscores Washington’s ongoing strategy to curb Iran’s access to international financial systems through both conventional and digital channels.

The European Union has incurred an additional $28 billion in energy import costs following the outbreak of the Iran-United States war, according to a report published on April 25, 2026. The surge in prices has forced the EU to announce a series of emergency measures to ease the mounting pressure on its energy expenditures. The European Commission stated that this marks the second major energy shock in less than five years, following the disruption caused by Russia’s invasion of Ukraine in 2022.

The International Energy Agency and the airport industry association warned that Europe, which imports about 70 percent of its aviation fuel, could face shortages within weeks. They urged EU member states to suspend aviation-related taxes to mitigate the impact of rising costs. The crisis has already affected several sectors, including fisheries, where many European fishermen have halted operations due to soaring fuel and raw material expenses.

Germany’s chemical industry association said the conflict has severely undermined the country’s economic prospects, with sales continuing to decline. The International Monetary Fund has also downgraded growth forecasts for 21 eurozone countries and the United Kingdom.

Residents of Cumilla are enduring severe power outages that have disrupted daily life across the district. According to local reports on April 25, 2026, urban areas experience four to five hours of load-shedding daily, while rural communities face 10 to 12 hours without electricity. The prolonged outages have hit children, the elderly, and students particularly hard, with SSC examinees expressing frustration over their inability to study at night. Agricultural activities have also been affected as irrigation pumps remain idle, raising fears of crop losses.

The situation has strained essential services, including rural clinics and pharmacies, where power shortages threaten the preservation of temperature-sensitive medicines and vaccines. Small businesses and hotels report declining sales as customers avoid going out in the heat. Officials from the Cumilla Palli Bidyut Samiti and Power Development Board cited a supply shortfall, noting that while local demand is around 1,800 megawatts, only 1,000 to 1,100 megawatts are available. Nationwide, on April 23, electricity demand reached 15,650 megawatts against production of 13,945 megawatts, forcing authorities to impose load-shedding.

Officials said they are prioritizing power supply for irrigation between 11 p.m. and 11 a.m., but rural residents continue to face long hours without electricity.

Shipping companies are now paying up to four million dollars to secure priority passage through the Panama Canal, according to the Associated Press. The sharp rise in fees follows the effective shutdown of vessel traffic through the Hormuz Strait, which has disrupted global shipping routes and forced many ships to seek alternative passages.

Normally, the Panama Canal charges fixed rates, but auction prices for priority slots have surged as demand increased. Ships rerouting to avoid the Hormuz Strait are competing for faster transit options to prevent multi-day delays, significantly raising costs.

The situation highlights the broader impact of the Hormuz crisis on global trade and shipping expenses, underscoring how regional disruptions can ripple through international supply chains.

A prolonged heatwave combined with severe power outages has disrupted daily life across Khulna and the southwestern region of Bangladesh. Since early April, residents have faced extreme heat and frequent load-shedding lasting up to 10 to 12 hours a day. According to the West Zone Power Distribution Company, on Thursday at 1 p.m., electricity demand in 21 districts under Khulna Division was 801 megawatts, while supply reached only 643 megawatts, leaving a deficit of 158 megawatts. In Khulna district alone, 44 megawatts of load-shedding was required.

The outages have severely affected businesses and households. Shopkeepers in Khulna city reported sharp declines in sales as customers avoid hot, unventilated stores. Fish sellers and other refrigeration-dependent traders are suffering losses due to spoilage. Rising fuel prices have also caused transport disruptions, with long queues at petrol stations and increased fares. Students taking the ongoing SSC exams are struggling to study amid the frequent blackouts.

Local civic group Sujan’s Khulna secretary criticized the government for failing to manage the ongoing electricity and fuel crisis, warning that the situation could worsen if not addressed soon.

In Chattogram’s Khatunganj, one of Bangladesh’s largest wholesale spice markets, prices have remained largely stable over the past two months despite increased demand ahead of Eid-ul-Azha. However, retail markets across the country have seen sudden price hikes. Retailers attribute the rise to higher transportation costs caused by a fuel crisis, which has doubled freight charges and slowed delivery times from production areas to major markets.

Traders report that while wholesale onion prices range between Tk 22 and Tk 28 per kilogram, retail prices are significantly higher, with similar gaps seen for garlic, chili, and coriander. Imported dry chili now sells at Tk 400 per kilogram, up by Tk 8–10 in two weeks, while coriander and nutmeg prices have also risen. In contrast, turmeric prices have declined slightly. Business leaders warn that if fuel and transport costs continue to rise, spice prices could surge further before Eid.

Market associations urge government monitoring to reduce the widening gap between wholesale and retail prices and prevent potential market instability.

Bangladesh has formally sought an extension of its timeline for graduating from least developed country (LDC) status, citing global financial challenges and the need for a smoother transition. The request was presented by Bangladesh’s Permanent Representative to the United Nations, Ambassador Salahuddin Noman Chowdhury, during the general debate of the ECOSOC Financing for Development Forum 2026 held at the UN headquarters on Thursday. The country asked to move its graduation date from November 24, 2026, to November 24, 2029.

Bangladesh first qualified for LDC graduation in 2018 and 2021 based on three criteria—per capita income, human assets, and economic and environmental vulnerability. The original graduation date was set for 2024 but was extended to 2026 due to the COVID-19 pandemic. The government’s letter to the UN Committee for Development Policy highlighted domestic and international challenges, including geopolitical tensions, reduced development aid, climate impacts, trade barriers, and energy uncertainty.

The ambassador emphasized that Bangladesh is prioritizing macroeconomic stability, rebuilding business confidence, strengthening the banking sector, and expanding support for vulnerable populations to ensure a sustainable transition.

A report published on April 25, 2026, accuses the former Awami League government of widespread corruption and mismanagement in Bangladesh’s major infrastructure projects. It claims that several mega projects, including the Karnaphuli Tunnel, Padma Bridge, and Dhaka-Mawa Expressway, were marked by excessive costs, poor planning, and delays. The interim government’s white paper committee and task force found that eight major projects exceeded initial budgets by 7.52 billion dollars, citing weak planning, delays, and corruption as key causes.

The report highlights that projects such as the Karnaphuli Tunnel are operating far below expectations, incurring heavy losses and failing to deliver promised benefits. It also notes that 95 percent of these projects were financed through foreign loans, creating severe repayment pressure. The railway sector, despite massive investment, continues to suffer losses due to inefficiency and inflated costs.

According to the report, inflated construction costs, project delays, and poor design have turned many of these ventures into burdens for citizens. Projects like the Gazipur-Airport BRT and Lal Khan Bazaar-Airport Elevated Expressway remain incomplete, causing public suffering and raising questions about accountability.

Islami Bank Bangladesh, once considered the country’s top financial institution, has fallen into deep crisis following years of alleged irregularities and loan fraud linked to S Alam Group. According to the report, the group and its affiliates defaulted on Tk 57,175 crore in loans, representing 62 percent of the bank’s total non-performing loans as of December last year. The group reportedly took about Tk 70,000 crore in loans under various names, including relatives and paper-based entities, after gaining control of the bank in 2017 through an intelligence agency.

The Bangladesh Financial Intelligence Unit (BFIU) later reported that S Alam Group’s total loans, both direct and indirect, amounted to Tk 105,483 crore. The bank has filed 24 civil and 368 criminal cases against the group, while the Anti-Corruption Commission has also initiated several cases. Islami Bank’s acting managing director said the group has not repaid its loans, and legal recovery efforts are ongoing. The bank has also signed three non-disclosure agreements with foreign entities.

After the interim government removed S Alam’s control, Islami Bank’s board was restructured, reducing total defaulted loans to Tk 92,115 crore by December. However, reports suggest S Alam is now attempting to regain influence through former employees and supporters.

US Treasury Secretary Scott Besant announced that the waivers allowing purchases of Russian oil and petroleum products will not be renewed. According to an Associated Press report, Besant confirmed that no new exemptions will apply even to Russian oil currently in transit. He also ruled out any extension of time limits for Iranian oil, stating that sanctions remain in place and no oil is leaving Iran.

This decision reflects the United States’ firm energy policy aimed at maintaining pressure on both Iran and Russia. Analysts cited in the report view the move as a continuation of Washington’s broader strategy to tighten sanctions and limit the energy revenues of these two countries.

The announcement underscores the US commitment to enforcing its sanctions regime without exceptions, signaling continued economic pressure on Moscow and Tehran.

Across South Asia, record gold prices are reshaping wedding traditions as many brides and families turn to imitation and one-gram gold jewellery. In Indian-administered Kashmir, 29-year-old accountant Uzma Bashir said she cannot afford even a single gold ring on her modest salary, while others in India, Bangladesh, and Pakistan are also abandoning pure gold due to its soaring cost. Gold prices reached $5,595 per ounce in January and remain near record highs, driving a 24 percent drop in jewellery demand in India in 2025.

In New Delhi, Fatima Begum said she replaced real gold with one-gram jewellery for her daughters’ weddings, while jewellers in Mumbai and Dhaka report a surge in demand for artificial ornaments. In Bangladesh, 22-carat gold hit $2,200 per bhori, prompting shoppers to choose imitation pieces for both affordability and safety. Pakistani families face similar pressures, with gold prices reaching 540,000 rupees per tola.

Jewellers across the region say the shift marks a cultural adjustment, as gold becomes an investment rather than a wearable symbol. Many brides now rely on gold-plated substitutes to preserve tradition without financial strain.

Bangladesh’s Law, Justice and Parliamentary Affairs Minister Md. Anisul Haque announced a government plan to utilize unused land in every district for solar power generation. Speaking on April 26, 2026, at a development dialogue titled “What Kind of Southwest Region Do We Want” at Islamic University, he said the initiative aims to make the country self-sufficient in solar energy and trigger an agricultural revolution in the Kushtia, Meherpur, Chuadanga, and Jhenaidah regions. The minister explained that one acre of land could generate one megawatt of electricity, and using 20 acres in a district could produce 20 megawatts, reducing diesel use for irrigation and cutting electricity subsidies.

He added that the project is expected to become visible within six months, according to the government’s technical team. The minister also discussed broader national initiatives, including the second Padma Bridge, agricultural development, education, and employment. He emphasized moving beyond blame-based politics and noted the formation of a ten-member parliamentary committee, with equal representation from the ruling and opposition parties, to address the power and Middle East crises.

He further mentioned that work on the Jhenaidah–Islamic University–Kushtia railway line and repairs to the Khulna–Kushtia highway would begin soon.

The 125-megawatt Unit 1 of the Barapukuria Thermal Power Plant in Parbatipur, Dinajpur, resumed electricity generation on Friday night after a two-day suspension caused by a mechanical fault. According to plant officials, the unit began supplying power to the national grid at around 10 p.m., following boiler firing activities that started at 4 p.m. earlier that day. The unit had been offline since Wednesday night due to a burst boiler tube.

The Barapukuria plant has three units, with Units 1 and 2 each capable of generating 125 megawatts and Unit 3 producing 275 megawatts. However, Unit 2 has remained non-operational since November 2020 due to mechanical issues. Chief Engineer Md. Abu Bakkar Siddique stated that the shutdown occurred because stones had mixed with the coal supply.

With Unit 1 back in operation, electricity supply in Parbatipur and eight northern districts is expected to improve, easing load-shedding conditions in the region.