Power cos get extended deferred payment facility

Staff Correspondent | Published: 00:00, May 23,2019

 
 

Bangladesh Bank on Wednesday extended duration of deferred payment facility for the import of raw materials by the power generating entities.
The central bank issued a circular in this regard saying that the scope had been given to facilitating the country’s power generation sector.
Under the extended facility, power generating entities would get 360-day deferred payment facility instead of the existing 180 days.
The Guidelines for Foreign Exchange Transaction 2018 allow industrial importers 180-day deferred payment facility for the import of industrial raw materials for their own use.

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