Power cos get extended deferred payment facility

Staff Correspondent | Published at 12:00am on 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.