Tag Archives: single

Govt to form panel to ensure single digit interest rate


MNA Business Desk: The government is set to form a panel with the task of bringing interest rates down to a single digit. Finance Minister AHM Mustafa Kamal gave the information after a meeting with leaders of the banking sector on Sunday, reports bdnews24.com. “A seven-member committee led by a deputy governor of the central bank will be formed by the end of the day,” said Kamal. The panel will consist of chairmen and managing directors of public and private banks, said the finance minister. “The committee will submit a strategy on reducing the interest rate to the governor of ...

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Govt to allow single-person company


MNA National Desk: The government is set to amend the Companies Act-1994 to allow formation of a company by single person. A new section, ‘One-Person Company’, will be incorporated with the existing law in this regard, according to a press statement issued on Sunday by Ministry of Law, Justice & Parliamentary Affairs. To this effect, a consultation meeting with stakeholders was held at the Ministry of Law, Justice and Parliamentary Affairs on Sunday. The meeting was organised by the Legislative Research and Reform Project and the law will be implemented by the Legislative and Parliamentary Affairs Department. The objective of ...

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