The Asian Development Bank (ADB) has projected Bangladesh’s gross domestic product (GDP) growth at 4.5 percent for the 2026–27 fiscal year, according to its updated Asian Development Outlook released on Thursday. The forecast suggests a modest improvement from the estimated 3.7 percent growth in the previous fiscal year but remains significantly below historical levels. The ADB noted that high inflation, weaknesses in the banking sector, energy supply constraints, and global economic uncertainty continue to weigh on the country’s recovery.

The report attributes last year’s slower growth to high inflation, weak exports, stagnant private investment, rising energy costs, and adverse global conditions. It expects some positive effects this year from easing inflationary pressure, regulatory reforms, improved governance, and sustained remittance inflows. However, the ADB warned that recovery will remain slow due to structural challenges, including energy shortages, high production costs, and limited competitiveness.

The inflation forecast for 2026–27 has been raised from 8.5 to 8.8 percent, reflecting recent adjustments in fuel, gas, and electricity prices. The ADB also cautioned that escalating Middle East conflicts or rising global oil prices could further strain Bangladesh’s external balance and fiscal management.

Commerce Minister Khandaker Abdul Muktadir announced that the government will facilitate the private sector to encourage new investments. Speaking at a contract signing ceremony at the Secretariat on Thursday, he said the government is working with full effort to create employment across various sectors as quickly as possible. He noted that private sector management tends to be more efficient than government operations, and facilitating private investment would help expand job opportunities.

State Minister for Textiles and Jute Shariful Alam stated that the government aims to ensure the maximum and effective use of state resources. To achieve this, initiatives have been taken to attract private investment in closed Bangladesh Jute Mills Corporation (BJMC) mills to revive production, employment, and economic activities. Out of 25 closed mills, 20 have been selected for leasing, with 14 lease agreements completed and production already resumed in nine mills.

According to the State Minister, these mills have created about 9,500 jobs and are producing around 160 metric tons of jute goods daily. Additional land leases and new investments are expected to further expand production and employment opportunities.

Bangladesh Bank has granted President Md. Shahabuddin special permission to withdraw Tk 2 million from his account at Global Islami Bank, exceeding the withdrawal limits set under the bank resolution scheme. The approval was given on June 16, 2026, following his application in late May through the bank’s Gulshan corporate branch, citing medical and family expenses.

Under the resolution scheme, depositors of five merged banks are generally allowed to withdraw up to Tk 200,000, with additional withdrawals of Tk 100,000 permitted every three months for larger deposits. In cases of serious illness, withdrawals of up to Tk 1 million per month may be approved. However, many depositors have complained about difficulties in accessing such special permissions despite medical needs.

Bangladesh Bank Executive Director and spokesperson Arif Hossain Khan confirmed the approval, stating that the President’s position and medical reasons were considered. He added that similar exceptions have been granted previously to other depositors facing critical health conditions.

Global gold prices fell sharply on Thursday, with spot gold dropping 0.3 percent to 4,066.24 dollars per ounce in Asian trading, according to Reuters. The decline followed renewed military tensions between the United States and Iran, after US President Donald Trump declared that the memorandum to halt war with Iran was no longer valid. Shortly afterward, the US military announced new strikes against Iran in the Strait of Hormuz.

The conflict pushed oil prices higher, with crude rising about 5 percent on Wednesday and continuing upward on Thursday. Analysts warned that prolonged Middle East tensions could further raise oil prices and global inflation, prompting the US Federal Reserve to keep interest rates elevated for longer. The dollar and global stock markets also came under pressure.

The International Monetary Fund reduced its 2026 global growth forecast to 3 percent, while Bank of America cut its average gold price forecast for 2026 by 14 percent to 4,360 dollars per ounce, citing the likelihood of tighter US monetary policy.

Global oil prices increased following new US airstrikes in Iran that killed eight Iranian soldiers. According to Reuters, as of 12:54 a.m. GMT, Brent crude rose by 78 cents, or 1 percent, reaching 78.80 dollars per barrel. The US benchmark West Texas Intermediate (WTI) crude also climbed 74 cents, or 1.01 percent, to 74.26 dollars per barrel.

Iran’s state news agency IRNA confirmed that the US strikes occurred early Wednesday in southern Iran, targeting areas near Bandar Abbas and Bushehr. The casualties included members of Iran’s air and naval forces. In response, Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed to have launched retaliatory missile and drone attacks on key US military bases in Kuwait and Bahrain.

The IRGC stated through state broadcaster IRIB that the attacks marked the first phase of a “punitive response,” targeting Camp Arifjan and Ali Al Salem bases in Kuwait, as well as Juffair and Sheikh Isa bases in Bahrain.

Registration of property gift and donation deeds has been suspended in several parts of Bangladesh for days due to complications arising from the newly imposed donation tax and the introduction of automated e-challan payment systems. The lack of prior understanding of the e-challan process has also led to a sharp decline in the number of sale deeds, reportedly falling to half of previous levels. Overall, deed registration activity at sub-registrar offices has dropped to one-third of normal, resulting in reduced government revenue.

To address the confusion, the National Board of Revenue (NBR) issued a clarification circular on Tuesday. The circular explains that under the Income Tax Act 2023 and the Withholding Tax Rules 2026, donation tax must be collected via e-challan for property transfers through gifts or donations, but not for sales. It also specifies that land tax receipts must show payment for fiscal year 2026–27, and certain urban property transactions require submission of income tax returns before registration.

Officials expressed hope that the clarification will resolve confusion and restore normal registration activities soon.

India’s stock markets plunged sharply after U.S. President Donald Trump declared the Iran peace deal “over,” erasing about eight lakh crore rupees in market value within hours. On Wednesday, the Nifty index fell 2.12% to 23,882.05 points and the BSE Sensex dropped 2.15% to 76,503.60 points, marking their steepest decline in three months. The announcement also rattled global markets, with major indices in Europe, Asia, and the U.S. futures all falling.

The renewed Middle East tensions pushed Brent crude oil prices up 6.3% to nearly $79 per barrel, the highest in two weeks, after reports of U.S. and Iranian strikes on each other’s targets. As the world’s third-largest oil importer, India faces rising import costs and inflationary pressure when oil prices surge. The rupee weakened 0.62% to 95.555 per U.S. dollar.

Analysts said the developments heightened concerns over energy supply and foreign investor sentiment. Heavy selling by foreign investors, especially in financial and IT sectors, contributed to the broad-based decline across all 16 major sectoral indices.

The Bangladesh government has moved to finalize the draft of the ninth national pay scale, proposing several structural changes. A secretary committee has recommended adjusting the ratio between the highest and lowest basic salaries from 1:8 to 1:7.5, along with revisions to various allowances and a two-phase implementation plan. Although the new pay scale was announced to take effect from July 1, the official gazette has not yet been issued, and the Ministry of Finance expects a delay of two to three months.

The draft also includes differentiated annual increments by grade instead of a uniform rate. Data from the Bangladesh Bureau of Statistics’ Living Standard Survey 2025 has been used to guide the new structure, reflecting average household expenses. The pay commission proposed a top basic salary of Tk 160,000 and a minimum of Tk 20,000, but the secretary committee is considering Tk 150,000 for the top grade and a slightly lower minimum. Allowances such as medical and education benefits are likely to be lower than the commission’s recommendations but higher than current levels.

Implementation will occur in two stages: basic salary increases in the current fiscal year and allowance adjustments from 2027–28. The proposal is expected to reach the cabinet within two weeks for approval.

Every day, more than four thousand people are settling in Dhaka in search of jobs, education, and a better life, according to field surveys cited in the report. Experts attribute this influx to severe gas and electricity shortages that have halted new industrial growth in districts and forced many existing factories to close. As a result, thousands of unemployed workers are moving to the capital, taking up informal jobs such as hawking and driving autorickshaws.

Urban planners warn that Dhaka, designed to accommodate about eight million residents, now houses over 36.6 million people—thirteen times its capacity. The Economist Intelligence Unit’s 2026 Global Liveability Index ranked Dhaka 171st out of 173 cities, just above Tripoli and Damascus. The city faces chronic waste, traffic congestion, and flooding problems, with over five thousand slums.

Government officials acknowledge the crisis, citing plans for administrative decentralization and rural job creation to reduce migration pressure. Experts emphasize that without strengthening rural economies and ensuring reliable utilities, Dhaka’s livability will continue to deteriorate.

Bangladesh’s Minister of Power, Energy and Mineral Resources, Iqbal Hasan Mahmud, told Parliament that contracts with private power companies cannot be canceled at will because they include sovereign guarantees. He made the statement on Wednesday during the parliamentary question-and-answer session chaired by Speaker Hafiz Uddin Ahmed, responding to a supplementary question from MP Mardia Momtaz. The minister explained that canceling such guarantees is a time-consuming process and that discussions are ongoing with the concerned parties to reduce additional fees related to delayed payments.

He added that once a power plant begins production, immediate decisions cannot be made to alter operations, and efforts will continue to keep electricity prices affordable for consumers during the contract period. In response to other parliamentary questions, the minister reported that gas supply remains below demand, with 2,700 million cubic feet supplied daily against a demand of 3,800 million. He also shared updated figures on transmission and distribution losses and confirmed that no quick rental power plants are currently operational.

The minister expressed hope that ongoing discussions would lead to effective solutions regarding payment delays and cost management in the power sector.

Finance Minister Amir Khosru Mahmud Chowdhury told Parliament that depositors of struggling banks will receive their full money back with interest, assuring that the 'haircut' provision limiting refunds to two lakh taka will not be implemented. He urged depositors to remain patient as the process continues. The statement came in response to a notice from BNP lawmaker Rehena Akter Ranu, who raised concerns about depositors losing access to their savings and called for strict punishment of those responsible for bank fraud.

The minister said five troubled banks have been merged under the Resolution Act to form the Combined Islami Bank, aiming to stabilize the financial sector. He added that a forensic audit is underway to identify those responsible for irregular investments, and Bangladesh Bank has been empowered to seize and auction their assets to recover funds. Legal actions are also being initiated to repatriate embezzled money from abroad, with nine international law firms engaged under a 'no win, no fee' arrangement.

Chowdhury reaffirmed that depositors will get back their money with interest, though the process will take time due to the banks’ ongoing losses.

On July 8, 2026, Bangladesh Ansar and Village Defence Party launched a fully digital selection process to send skilled women workers to Moldova through its Welfare Trust. The initiative began with 139 female members from the Dhaka Metropolitan Ansar North and East zones participating in the first phase at the Ansar headquarters. Candidates completed self-declaration forms and took live written tests using Google Forms under strict supervision, followed by physical assessments and interviews before a jury board.

The process, guided by Director General Major General Abdul Motaleb Sajjad Mahmud, aims to eliminate middlemen and ensure merit-based selection through five oversight committees. A specialized software automatically compiles evaluation results, minimizing human interference. The second phase, involving 161 candidates from the South and West zones, follows the same transparent digital procedure.

Selected candidates will receive advanced training to adapt to European work environments and enhance professional skills. The program seeks to create a sustainable model for safe, legal migration, empowering Bangladeshi women while strengthening the country’s reputation and economy through skilled labor exports.

Prime Minister Tarique Rahman has announced that Bangladesh will begin exporting jackfruit to China. Speaking in parliament on Wednesday, he said that during his recent visit to China, an agreement was signed to facilitate the export. Rahman noted that Bangladeshi jackfruit is very popular in China and expressed optimism about the trade potential.

The announcement came in response to a supplementary question from Mymensingh-6 MP Kamrul Hasan Milon, who highlighted the agricultural potential of Fulbaria, where lemons, pineapples, and jackfruits are produced in large quantities. The Prime Minister also shared that during his earlier visit to Malaysia, Prime Minister Anwar Ibrahim mentioned that Malaysia exports durian worth one billion dollars annually to China. Rahman said Bangladesh could similarly earn significant foreign currency through jackfruit exports.

He further mentioned that the government plans to reopen a closed pineapple processing factory in Fulbaria but currently has no plan to establish a separate industrial zone there.

Gas supply in Bogura city and surrounding areas will remain suspended for 24 hours due to urgent maintenance and gas commissioning work. According to the West Zone Gas Company Limited (PGCL), the suspension will begin at 6 p.m. on Thursday, July 9, and continue until 6 p.m. on Friday, July 10. The interruption is required for tie-in operations connected to the Bogura District Regulating Station (DRS) under the SASEC-2 project.

The project involves relocating and removing existing gas pipelines from Bonani Mor to Tinmatha Railgate in the Bogura region. The tie-in work will be carried out at both ends of the pipeline and at the Bogura DRS. During this period, gas supply will remain halted for all categories of consumers, including industrial, captive power, CNG filling stations, commercial, and residential users.

PGCL stated that tie-in work will take place at about 12 points, including Bonani, Tinmatha Mor, Shakpala Bus Stand, Millennium School, Bogura Jahangirnagar Cantonment, Palli Bidyut, Shaheed Ziaur Rahman Medical College Hospital, PGCB, GTCL, and Agathi CNG Filling Station. The company assured that gas supply will be restored as soon as the work is completed.

The Cabinet Committee on Economic Affairs has given policy approval to relocate Dhaka’s Sayedabad inter-district bus terminal to Kanchpur in an effort to reduce traffic congestion in the capital. The decision was made at a meeting chaired by Finance Minister Amir Khasru Mahmud Chowdhury at the Secretariat. The move follows a directive from Prime Minister Tareq Rahman to modernize traffic management in Dhaka.

According to the Local Government Division, Dhaka South City Corporation has been instructed to complete necessary infrastructure and operational preparations within four months to make the proposed Kanchpur terminal functional. The project will be implemented by state-owned Chittagong Dry Dock Limited under the Bangladesh Navy through direct purchase due to state emergency needs.

The estimated cost of the project is Tk 6.88 crore. It includes construction of a 4,012-square-meter platform, installation of tiles, a shed using 15,573 kilograms of profile sheets, 120 ticket counters, 32 toilets, and office rooms. Officials expect the new terminal to significantly reduce traffic pressure in eastern Dhaka and improve overall traffic management.