United News of Bangladesh

Chevron Bangladesh has recently received its outstanding payments from the state-owned Petrobangla. “We have received our entire outstanding bills from the government in recent weeks,” an official of the US company told UNB. The company also issued an official statement, saying, “We greatly appreciate the efforts of the interim government, the energy ministry, and Petrobangla to resolve this issue.” It added that the outcome sends a positive signal to both existing and potential investors. “We have been a partner in ensuring Bangladesh’s energy security and driving economic progress for 30 years, and we look forward to continuing the journey together,” the US oil major noted. Environment Advisor Syeda Rizwana Hasan had recently indicated the government’s commitment to clearing dues in the energy sector. Speaking at an event on renewable energy, she said the government had paid foreign companies—marking a strong sign of its efficiency. Chevron-funded Uddokta Project celebrates successful conclusion “The drastic reduction of foreign loans for the power sector—from 3.2 billion dollars to 800 million dollars in just seven months—sends a clear message that change is possible, provided there is political will,” she said. Earlier in March, Energy Adviser Dr Fouzul Kabir Khan had announced that the government would clear all dues owed to foreign companies within two months. Chevron Bangladesh, a subsidiary of California-based Chevron USA, has been producing around 50 percent of the country’s natural gas through its three fields in the Sylhet region—Bibiyana, Moulvibazar, and Jalalabad. The company, however, had been struggling with unpaid bills for over a year. According to industry insiders, Chevron’s overdue payments stood at $190 million in March—equivalent to roughly five months’ worth of bills, with Petrobangla typically paying about $40 million per month. Petrobangla has five-month outstanding dues of $260 million to Chevron for gas purchase: Official Sources Between April 6 and April 16, Petrobangla paid $150 million to regularise the outstanding amount. The delay in payments was reportedly due to a cash crunch faced by the state-run company. As of Monday, statistics show that Chevron supplies approximately 1,108.6 million cubic feet of gas per day (MMCFD), which accounts for over 50 percent of the country’s local production of about 1,873.5 MMCFD. Besides, the government imports 818.9 MMCFD of liquefied natural gas (LNG), bringing the total gas supply to 2,612 MMCFD. Chevron eyes new gas exploration in Bangladesh Both industry insiders and Chevron officials noted that the clearance of arrear bills will now allow the US company to expedite development work in its expanded areas. Chevron began drilling in these extended zones in 2023 to boost production. However, progress had been hindered due to the unpaid bills.

Despite repeated warnings and directives from the government, a lack of discipline continues to plague the civil administration, raising concerns over accountability and governance within public service institutions. The Ministry of Public Administration had earlier issued a directive urging government officials not to participate in activities that violate the civil service code of conduct. Still, unrest persists across the administration. In response, the government has planned to revive the Dismissed Government Employees (Special Provisions) Ordinance, 1979 to reassert control and discipline. Administration sets retail price of loose Soybean oil at Tk160 per litre in Ctg Civil servants continue to defy warnings by organising protests, human chains, rallies, expressing criticism on social media, and even halting work. Many have also disregarded official regulations. Although several recommendations have been made following the Public Administration Reform Commission's report, resentment remains unresolved among various cadres.  Apart from the administration cadre, a coalition of 25 other cadres has launched protests.  The health cadre has also voiced demands for equal treatment. After the fall of the previous Awami League government, a group of BCS officers formed the Inter-Cadre Discrimination Removal Council to demand, among other things, the abolition of the quota system for promotions to Deputy Secretary.  Shake-up in administration: AL-era officials under surveillance amid bureaucratic instability They also objected to several points in the reform commission’s report. Key proposals—particularly regarding the promotion quota—have triggered significant unrest.  Officers from different cadres are now openly protesting, often outside their offices, which is against the government service rules. Amid this turmoil, the Ministry of Home Affairs has written to the Ministry of Public Administration, urging the reinstatement of the 1979 ordinance.  The ministry has already begun the necessary procedures. Despite the Ministry of Public Administration’s prior warnings, the Inter-Cadre Discrimination Removal Council staged a nationwide work stoppage on 2 March, protesting the suspension of 12 officers and demanding the end of inter-cadre discrimination.  On that day, officials across the country stood outside offices wearing black badges. Sources say that if the government fails to take meaningful action, officials from the 25 cadres are prepared to intensify their movement. The Bangladesh Administrative Service Association (BASA), representing administration cadre officers, also staged a protest outside the Ministry of Public Administration.  Hundreds of officials from various batches participated and issued a 48-hour ultimatum demanding the resignation of Dr Abdul Muyeed Chowdhury, the chair of the reform commission. In response, the government is pushing to bring back the 1979 ordinance. The letter from the Ministry of Home Affairs stated: “In the current changed context, government employees are facing psychological pressure and showing signs of instability. Some are defying legal instructions and staying away from their duties, creating serious challenges for the government. As a result, law and order have deteriorated, and the pace of official work has slowed. To ensure accountability and discipline, the reinforcement of the 1979 ordinance is now essential.” The ordinance was repealed in 2018 when the Government Employees Act was introduced. However, the original law prohibited any action that could create dissatisfaction, disrupt discipline, or obstruct duties. It also allowed for the suspension, dismissal, or demotion of any employee absent without proper reason or for inciting others to do so. Section 7 of the ordinance states:  “No court shall have jurisdiction to question any action or order taken under any provision of this ordinance.” Former Secretary AKM Abdul Awal Majumdar told UNB, “Although this may be considered a black law, it is necessary under the current circumstances to restore order. But the government must ensure that it is not abused.” He added that while differences in opinion are natural, acting out of personal hostility or disrupting work is unacceptable. On 1 January, the Ministry of Public Administration issued a separate directive warning officials not to engage in any activities that breach the Government Service (Conduct) Rules.  The notice highlighted concerns over rallies, sit-ins, pen-down strikes, and social media statements that harm the image of the civil service. The directive cited the rules: “No government employee shall publicly object to or obstruct the implementation of government decisions, nor incite others to do so. Any such actions will be considered misconduct and subject to disciplinary measures.”  Meanwhile, on 20 March, 196 administration cadre officials were promoted from Deputy Secretary to Joint Secretary. However, out of 320 eligible officers from the 24th BCS batch, only 137 received promotions, leaving 183 disappointed. On 23 March, over 100 of the deprived officers met with Cabinet Secretary Dr Sheikh Abdur Rashid and Senior Secretary Dr Mokhlesur Rahman, submitting a formal appeal for reconsideration. The move further deepened discontent within the civil service. END/UNB/M/MB/SAM

The price of onions has suddenly surged in Khulna after remaining stable throughout Ramadan, even though it is currently peak harvesting season. Onions that were selling for Tk 30–35 per kg only days ago are now being sold at Tk 48–50 per kg in Khulna’s wholesale markets, depending on quality. In retail markets across the city, prices have reached as high as Tk 60 per kg. India withdraws 20% duty on onion export effective from April 1 Consumers have attributed this abrupt hike to a lack of effective market monitoring. According to traders, some buyers who usually purchase onions directly from farmers have allegedly begun hoarding supplies instead of releasing them into the market. They are reportedly using the excuse of a ban in Indian onion imports to make the market unstable. By stockpiling locally produced onions during peak season, these traders are believed to be fueling an artificial crisis. Consumers in Khulna have already started feeling the impact of the price spike and expressed concerns that the situation may worsen in the coming days. Many households have begun stockpiling onions in fear of further price increases, increasing the demand in local markets. Faridpur farmers hope for bumper onion harvest this season Frustrated consumers have urged the authorities to take immediate legal action against hoarders and strengthen regular monitoring of the market. The Directorate of National Consumer Rights Protection (DNCRP), Khulna, stated that those responsible for the price manipulation will be identified and brought under legal recourse as soon as possible. During a visit to several wholesale markets in Khulna on Saturday, the UNB correspondent found that traders collecting onions from areas such as Shailkupa and Langolbandh in Jhenaidah, Pangsha in Rajbari, Kumarakhali and Panthi in Kushtia, as well as Chourangi, Rashgram, Chakmohra, and Hazirhat, are reportedly hoarding supplies rather than releasing them into the market. Currently, onions are being bought at Tk 1,800–1,900 per maund (around 40kg), or Tk 45–47 per kg in the wholesale market. Traders say if hoarding can be prevented, prices could quickly return to normal. Retail traders, meanwhile, claimed they are not responsible for the price hikes, stating that they sell onions based on wholesale rates with a minimal profit margin. Consumers, however, alleged that an organised syndicate manipulates onion prices every year, and this year is no different. During Ramadan, local onions were selling at Tk 30–35 per kg, which increased to Tk 40 post-Eid, and has now reached Tk 60 per kg. Onion farmers in Shailkupa hit by fertiliser shortage during peak season During visits to retail markets in Moylapota, New Market and Daulatpur on Saturday, the UNB correspondent found onions selling at Tk 60 per kg in the first two markets and Tk 53 per kg in Daulatpur. Zahid Hasan, a shopper in Daulatpur, said, "Market instability has returned. During Ramadan and Eid, prices were under control, but now dishonest traders are making things difficult. The onions I used to buy at Tk 30–35 now cost Tk 55–60. If this trend continues, prices will rise further. The government should resume the level of market monitoring seen during Ramadan and Eid." Touhidul Islam, a wholesaler at Sonadanga market, noted that the price hike is largely demand-driven. He added that panic buying and stockpiling at home are further pushing up prices. He also mentioned that some dishonest traders are hoarding onions fearing that LC (Letter of Credit) for imports may not resume, adding more pressure to the supply chain. Abu Sufian, owner of M/s Jonaki Bhandar, said that onions are being purchased at elevated prices in the wholesale market for stockpiling, and this has impacted the entire supply chain. Retailer Harun Moral said, “Retailers have no role in this price surge. We sell at the rates set by the wholesalers.” He also blamed illegal hoarding for the sudden price increase. Kawser, a retailer at Moylapota market, said they are purchasing onions at Tk 54 per kg from the Sonadanga wholesale market and selling them at Tk 60. “The price hike is due to hoarders,” he said. Advocate Qudrat-e-Khuda, Secretary of Sushashoner Jonno Nagorik (Shujan), Khulna City unit, said although the government had effectively controlled prices during Ramadan, the trader syndicate remains active. “Prices have doubled in just a few days. If this syndicate isn’t broken and market monitoring isn’t reinforced, the situation will spiral out of control,” he warned. He urged the government to take strong action against such syndicates and called on the Directorate of Consumer Rights to play a more proactive role. Mohammad Selim, Deputy Director of DNCRP, Khulna Division, said the agency is conducting regular monitoring and market raids. “We’re already taking legal action, including imposing fines on those violating consumer rights. Since being informed about the hoarding issue, we will monitor the market closely and take necessary steps. Anyone found operating outside government policies will face strict action,” he added.    

The National Board of Revenue (NBR) has been grappling with delays in automating its bonded warehouse system, a long-anticipated reform aimed at boosting efficiency, curbing misuse, and enhancing revenue collection. Despite taking several initiatives and setting multiple deadlines over the years, NBR’s progress toward full automation remains sluggish and incomplete. “We are still struggling with the bond automation, we are yet to implement this fully,” NBR Chairman Md Abdur Rahman Khan told in a recent pre-budget meeting. NBR lifts 5pc advance import tax on crude soybean and palm oil In February 2022, then NBR Chairman Abu Hena Md Rahmatul Muneem announced plans to fully automate the bonded warehouse facility by 2023.   The objective was to prevent the abuse of the system, which had been a longstanding issue affecting revenue generation and industry competitiveness. To achieve goal, the NBR initiated the National Single Window project in 2017, aiming to integrate 39 agencies involved in customs-related activities into a unified electronic system. This system was designed to streamline procedures, reduce paperwork, and expedite trade operations. Initially slated for completion by 2019, the project faced significant delays, with authorities aiming for a 2023 completion. These setbacks raised concerns among stakeholders about the efficacy and timeliness of such automation efforts. NBR clears Joint Tax Commissioner Mesbah of misconduct charges One notable challenge in the automation drive has been resistance from stakeholders accustomed to manual processes. For instance, in December 2021, the NBR mandated the use of specific software for diplomatic bonded warehouses dealing with liquor imports to monitor and prevent illegal market activities. This move led to a strike by six private diplomatic bonded warehouses, resulting in a liquor shortage in the market. The warehouses resisted the software implementation, citing operational challenges, which highlighted the difficulties in transitioning from entrenched manual systems to automated ones. Moreover, the automation projects was hampered by external factors such as the COVID-19 pandemic, which disrupted timelines and resource allocations. A lack of coordination among various agencies and occasional indecisiveness further impeded progress. NBR officials said that inconsistencies and coordination lapses among agencies contribute to delays in implementing automation initiatives. The business community, particularly exporters, has expressed concerns over delays and harassment in availing bond facilities. In response, the NBR issued directives in November 2021 to expedite bond-related services, setting specific deadlines for processing applications and specifying required documents. While these measures aimed to reduce delays and enhance transparency, their effectiveness at the field level remains a subject of debate among industry stakeholders. In August 2024, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) met with the NBR to address ongoing issues related to customs and bonds. The BGMEA emphasised the need for simplified and expedited customs services to maintain competitiveness, especially in the face of global economic challenges. The NBR assured support and acknowledged the importance of creating a business-friendly environment to boost trade and investment. As of February 2023, the NBR planned to extend bonded warehouse privileges to more export-oriented sectors, contingent upon the completion of the bond automation project. Despite these efforts, the pace of automation has been slower than anticipated. Projects like the National Single Window and customs bond system automation have faced repeated delays, raising concerns about Bangladesh’s position in global logistics and ease of doing business rankings. The business community continues to advocate for expedited and transparent automation processes to enhance operational efficiency and competitiveness. NBR Chairman Abdur Rahman Khan said  his organisation is continuously trying to implement the bond automation. “While the system will be user friendly completely, then we will roll it out for all,” he said. While the NBR’s commitment to automating the bonded warehouse system is evident through various initiatives and projects, the journey has been fraught with challenges. NBR officials mentioned that Overcoming resistance to change, ensuring inter-agency coordination, and adhering to project timelines are critical to achieving the desired outcomes. “Successful automation is expected to not only streamline operations but also significantly reduce misuse, thereby enhancing revenue collection and supporting the growth of legitimate businesses in Bangladesh,” a senior NBR official told UNB over telephone.  

In the heart of the Sundarbans, where diverse wildlife roam freely, a silent crisis is unfolding — a disturbing surge in illegal deer poaching is sweeping across the world’s largest mangrove forest and Unesco World Heritage Site. In the past three months alone, Forest Department officials and the Coast Guard personnel have recovered 641 kilogrammes of venison and detained 22 people involved in poaching operations across various areas, according to officials. Wildlife experts and local residents are alarmed, warning that this unchecked poaching could severely disrupt the Sundarbans' delicate ecological balance — potentially leading to the disappearance of its iconic Royal Bengal Tigers, which depend heavily on deer as their primary food source. However, the poaching rings — sophisticated and persistent — show no signs of slowing down. According to data provided by the Eastern and Western Divisions of the Sundarbans Forest Department and the Mongla Coast Guard West Zone, several joint operations were conducted between January and March. These efforts led to the seizure of a slaughtered deer, another dead deer, two hides, two heads, eight legs, 160 traps, four trawlers, five boats, a microbus, seven mobile phones, and the arrest of 22 individuals. Deer poaching in Sundarbans rising at alarming rate amid lax monitoring So far, 25 separate cases have been filed. Despite periodic crackdowns, organised poaching rings continue unabated. Poachers typically enter the forest illegally, set traps or use poisonous bait to capture spotted deer, slaughter them on site and then transport the meat to nearby villages for sale. Venison is reportedly sold for Tk 1,000 to Tk 1,200 per kilogramme in both local and distant markets, including capital Dhaka, over 250 kilometres away. Local voices echo the alarm. Jamal Gazi, a fisherman and community patrol group (CPG) member from Sharankhola upazila, claims that nearly 100 active deer poachers operate in the area, often under the protection of influential figures. Gazi, a long-time advocate for forest conservation, says he has received threats for his stance. “Despite our appeals, the poaching continues. We are risking our lives to save the forest, but they [poachers] are well-organised and well-connected," he said. “Poachers don’t need to invest to obtain deer — they enter the forest, kill the animals, and sell the meat for a significant profit. That’s why they are increasingly motivated,” said Dr Anwarul Islam, wildlife expert and Chief Executive Officer (CEO) of WildTeam. “The deer is the tiger’s primary food source. If deer vanish from the Sundarbans, so will the tiger,” he warned. Forest officials said surveillance and patrols are being stepped up, particularly in high-risk zones such as Dacope, Chandpai, Sharankhola and Mongla. Kazi Muhammad Nurul Karim, Divisional Forest Officer (DFO) of the Eastern Sundarbans, stated that patrols have been intensified and no compromise will be made with anyone found colluding with poachers. DFO AZM Hasanur Rahman of the Western Division admitted the challenges persist. “We’re conducting regular operations and inspecting suspicious trawlers and boats at various forest points,” he said, noting that his division alone had seized 255 kilogrammes of venison and recovered both a slaughtered and a dead deer in the past three months. 'Festival of poaching' endangers bird life in Bagerhat beel Residents and wildlife experts are calling for a multipronged strategy to address the crisis. This includes stricter enforcement of wildlife protection laws, stronger political will, public awareness campaigns, and rehabilitation schemes offering alternative livelihoods to former poachers. “We must involve local communities in conservation efforts. People need to realise that deer are tiger food — not human food. Without reducing demand, we cannot cut off supply,” said Dr Anwarul Islam. He emphasised the need for a national awareness campaign with a clear message: “Say No to Venison.” The Sundarbans — spanning 6,017 square kilometres, including 4,143 square kilometres of land and 1,873 square kilometres of water — is home to an estimated 136,604 spotted deer and 125 Royal Bengal Tigers. As poaching networks grow more sophisticated, officials and conservationists fear time is running out — for the deer, for the tigers, and for the Sundarbans itself. With additional support from Julfekar Dehan.  

In the quiet fields of Pirason village under Gomastapur upazila in Chapainawabganj, something extraordinary is happening. Amid the lush green stretches of traditional boro rice, one farmer's field stands out—quite literally—in a striking shade of purple. Sixty-two-year-old Robiul Islam has captured the attention of locals and passersby by cultivating a rare variety of purple-coloured rice for the very first time in the district. Initially hesitant about planting an unfamiliar crop, Robiul was inspired by videos on YouTube showcasing purple rice cultivation in other parts of the world. Motivated by curiosity and a sense of adventure, he placed an online order and purchased 2 kg of seeds at Tk 300 per kg. He sowed them across 12 kathas of land near his home. Unlike traditional green rice plants, Robiul's field is now adorned with purple stalks and leaves. The rice has already begun to flower and by the looks of the crop, he is optimistic about a healthy yield—expecting around 30 maunds (approximately 1,200 kg) per bigha. “The cultivation method is almost identical to that of conventional boro rice. The field still requires irrigation and fertilisers, but I’ve noticed this rice faces fewer pest and disease issues,” Robiul explained. Govt to procure 17.5 lakh tonnes of Boro paddy at Tk 36, rice Tk 49 “I developed an interest in this variety after seeing it online. I ordered the seeds from Gaibandha and started the experiment. Now, people are visiting my field every day. Many have expressed interest in buying the seeds. I plan to sell them at Tk 300 per kg. If all goes well, I believe I will make a decent profit.” His vibrant field, nestled along a roadside lined with ordinary green paddy, has become a local attraction. People stop in their tracks to marvel at the unexpected hue of the rice plants, and many have taken to capturing photos or simply standing in awe. Monirul Islam, a resident of Dashimoni Kathal area in Rahanpur, said, “I pass this road every day. Ever since the plants grew tall, I’ve been amazed by the purple colour of the leaves. Now that the rice is flowering, it looks even more promising. I’ve already told Robiul bhai that I’d like to buy seeds from him for my own land.” Bumper Aman paddy yield brings joy to farmers in Chapainawabganj

In a significant development aimed at reducing export costs and enhancing trade accessibility in the greater Khulna region, container ships are expected to start operating between Mongla and Chattogram ports on a domestic maritime route from April. This initiative marks a strategic move to revitalise Mongla Port—Bangladesh’s second seaport—which, after years of grappling with numerous challenges, has now emerged as a profitable and growing hub due to several ongoing development and expansion projects. The surge in commercial vessel arrivals has not only increased the port’s revenue but also generated new employment opportunities for local workers. Business as usual at Darshana port despite India's halt of transshipment services Despite this progress, Mongla Port continues to face a number of challenges, including navigability issues, underutilisation of existing business facilities and high operational costs. These limitations have restricted container ship movement to roughly one vessel per month, despite the region’s strong export potential for goods such as fish, frozen products, and jute. Syed Zahid Hossain, President of the Mongla Port Berth and Ship Operator Association, highlighted the core issue affecting operations. India's trans-shipment cancellation will not cause any issue: Commerce Adviser “Container imports through Mongla are minimal,” he said. “As a result, there’s a shortage of empty containers here. Bringing them in from Chattogram incurs additional charges, making the overall cost of containers higher. If container ships start operating on the Chattogram-Mongla route, both time and export expenses will be significantly reduced," Zahid Hossain said. In response to this opportunity, Chattogram-based shipping agent Sea Glory has taken the initiative to operate small container vessels along this domestic route. Their plan involves transporting empty containers from Chattogram to Mongla, where they will be filled with export goods and sent back via Chattogram for international shipping. Mainul Hossain, Manager of Sea Glory Shipping, said, “If we are treated as a feeder service, the process becomes more complicated. But if we can operate like the Pangaon model—moving empty containers from Chattogram to Mongla—the procedures become easier and the business more viable.” He said the company had already conducted a successful trial run in February, transporting 100 TEUs (around 70 containers) along the route. Following this, they plan to officially commence regular container transportation from mid-April. The containers will primarily carry fish, frozen goods, and jute for export via Chattogram. Direct transshipment from Mongla remains expensive and time-consuming due to limited container activity. In contrast, using Chattogram as an intermediary promises to be faster and more cost-effective. Omar Faruk, Secretary of the Chattogram Port Authority, acknowledged the challenges Mongla faces in accommodating larger ships due to draft limitations. “In such cases, cargo can be rerouted through Chattogram,” he said. “If there is a container shortage in Mongla, we can meet shipping agents’ needs by facilitating exports through Chattogram.” Captain Rafiqul Islam, Chairman of the Bangladesh Shipping Agents Association in Khulna, emphasised the importance of cooperation between both ports. “We are unable to export goods regularly due to this shortage. Both ports need to take a flexible approach to resolve this. Though the operation is within the country, importers and those running vessels on this route should be offered special incentives to make the service sustainable,” he said. Rear Admiral Shaheen Rahman, Chairman of the Mongla Port Authority, added, “Mongla is now more dynamic and promising than ever. Alongside infrastructure development, we are expanding the port’s capacity. Once current projects are completed, they will significantly boost the local economy. We’ve also enhanced all facilities to increase import and export volume.” The start of container transport operations between Chattogram and Mongla is expected to contribute positively to the national economy, opening up more efficient and affordable trade routes for exporters and importers alike.  

Shahjalal Khan, a retired school headmaster from the bustling Mohammadpur neighbourhood, had long cherished the dream of securing a modest apartment in Dhaka—a peaceful corner to call his own after decades of service to the nation’s youth. His wife, Rayea Akter, also on the cusp of retirement, shares the same aspiration. But despite their combined savings of Tk75 lakh—accumulated over years of dedication—the dream now seems distant, even elusive. “After the change in government, I no longer feel confident withdrawing our savings to purchase a flat,” Shahjalal told UNB. “My pension, our combined earnings—it all adds up, yet it still falls short. And the registration fees add another 15 percent. It’s simply out of reach," he said. Like many others in Bangladesh’s middle class, Shahjalal finds himself paralysed by economic uncertainty and political instability. The couple, once hopeful, now hesitate to act—fearful of what the future might hold. Stifled Growth in the Face of Crisis The housing sector—once a cornerstone of urban development—is now faltering under the weight of multifaceted challenges. The recent political transition, coupled with an interim government, a rise in construction costs, and unresolved issues surrounding the Detailed Area Plan (DAP), has plunged the real estate industry into a prolonged slump. Besides, the silence from the authorities regarding the continuation of the provision allowing investment of undisclosed income in housing—by paying a 15 percent tax—has cast a shadow over the sector’s short-term future. Buyers and investors, uncertain and wary, are choosing to wait. Hope in Numbers, Not on the Ground Yet amid the turbulence, global projections paint a more hopeful picture. According to market research firm Statista Market Insights, Bangladesh’s housing market is projected to reach US$2.75 trillion by the end of 2025. With an anticipated annual growth rate of 1.99 percent, the market is expected to expand to US$3.07 trillion by 2029. DAP stalling housing sector, threatening economy: REHAB The residential segment alone is forecasted to hit US$2.07 trillion in 2025, climbing to US$2.21 trillion by 2029 at a steady CAGR of 1.63 percent. While China is poised to dominate the global real estate landscape with an astronomical US$115.4 trillion in 2025, Bangladesh’s sector is seen as steadily rising—driven by urbanisation and population growth. Flat Sales in Free Fall Md. Rasel Mukul, Assistant General Manager (Sales & Marketing) at Basic Builders Ltd, offered a sobering reality: flat sales have plummeted—down by 40 percent among middle-income buyers and by as much as 70 percent among the affluent. “Flat bookings have dropped drastically. Even the sale of plots has dwindled,” he told UNB, reflecting the despair of countless small and medium-scale developers struggling to stay afloat. Adding to the crisis is a steep hike in raw material costs. “There are 280 types of materials needed to construct a flat. Prices of some key items, like rods and cement, have soared by 25 percent due to inflation and land costs in DAP-affected areas,” explained Dawn Shahenul Kabir, Director (Construction), Eastern Housing. This cascading cost inflation has effectively halted many new projects, while private home construction has stagnated. The ripple effect is being felt across the supply chain, with plummeting demand for core materials. For the past five months, the flat market has remained frozen, prompting some developers to sell units below cost just to stay solvent. Many are struggling to cover operational expenses—paying staff salaries, managing office overheads—and praying for a turnaround if the economic tide turns. One managing director from a midrange real estate company, requesting anonymity, shared that over 200 flats in their 30-plus projects across Dhaka remain unsold. Prices vary: in Banasree, flats go for Tk5,500–6,000 per square foot; in Bashundhara, Tk7,000–8,500; and in Jalsiri Housing, Tk9,000–9,500. These units range from 1,300 to 2,850 square feet. “Sales in 2025 are already down by 20 percent compared to last year,” said Shahjahan Raihan, Chief Operating Officer of Sheltech (Pvt.) Limited. “Customers are simply not ready to invest amidst the prevailing political and economic uncertainty.” REHAB Blames the DAP: A Sector Under Siege The Real Estate and Housing Association of Bangladesh (REHAB) is sounding the alarm. “After the change in government, many of the key investors—businessmen, bureaucrats, even politicians—have gone quiet,” said Liakat Ali Bhuiyan, REHAB’s senior vice president. “The window to invest undeclared money has closed, cutting off a major flow of capital into the sector," he said. Bangladesh signs $289.52 million loan agreement with IsDB for housing finance project At the heart of the controversy is the Detailed Area Plan (DAP), a blueprint designed by RAJUK to reshape Dhaka into a more liveable city. Enforced since August 2023, the plan has sparked intense debate. Developers argue that the new zoning laws are discriminatory and have crippled the industry. “This DAP is nothing short of a death trap,” Liakat warned. “If not amended, the very industry that fuels employment across the nation is at risk of collapse," he said. A Tug of War Over Dhaka’s Skyline A RAJUK official, preferring anonymity, confirmed that a revised version of the DAP is nearing finalisation and will soon be gazetted following ministerial approval. While REHAB welcomes the revision, urban planners express grave concern. They allege the government is capitulating to business interests at the expense of public welfare. The most contentious changes involve a relaxation of the Floor Area Ratio (FAR), allowing buildings to rise higher than before: Mirpur: from 5 to 7 storeys Uttara Phase III: from 6 to 10 storeys Mohammadpur: from 5 to 7 storeys Bashundhara: from 6 to 8 storeys Gulshan-Banani: from 11 to 12 storeys Besides, water bodies will be categorised solely as such—prohibiting any filling—and agricultural land will be distinctly marked and protected without sub-classifications. Urban Planners Cry Foul Mohammad Fazle Reza Suman, former president of the Bangladesh Institute of Planners (BIP), did not mince words. More than 6,000 abandoned houses are in Dhaka city: Housing Minister “No consultation was held with urban planners or city residents before increasing building heights,” he said. “The authorities are bending to the will of vested interests, sacrificing Dhaka’s livability.” He warned that RAJUK’s apparent vision to turn Dhaka into a city of endless high-rises defies environmental logic and social equity. “If the DAP and building codes must be amended, it should be through a transparent, consultative process. We’ve seen how height regulations were loosened in 2007 and 2008, then reined in again in 2022. Now, further loosening will only intensify population density and overburden the city’s fragile infrastructure,” he added. A City Caught Between Growth and Gridlock As the nation’s real estate sector hangs in limbo, torn between ambition and reality, the future of Dhaka’s urban landscape remains uncertain. Will the city rise, resilient and reimagined? Or will it collapse under the weight of its contradictions—soaring towers above, and faltering trust below?

Nobel Laureate Professor Dr Muhammad Yunus, head of Bangladesh’s interim government, has demonstrated the transformative power of thinking beyond traditional economic frameworks, said Dr Yao Tang, associate professor of applied economics at the Guanghua School of Management, Peking University. In an interview with UNB, Prof Tang lauded Dr Yunus's innovative approach to microfinance and social business, calling it a timely reminder that real impact comes from courage, creativity and a commitment to change. He said Prof Yunus is a very prominent economist, as he had training in the United States and, more importantly, has spent a significant part of his career in microfinancing. Replying to a question regarding honorary doctorate conferred upon Prof Yunus by the Peking University, he said Prof Yunus is very famous in the world of economics and development, including in China. "It is both appropriate and a privilege for our university to honour him," Prof Tang added. Peking University, known for its excellence in economics and social sciences, found in Prof Yunus’ life work a natural synergy. The university has a strong tradition in development studies, with prominent scholars like Professor Justin Lin, a former Chief Economist of the World Bank, among its faculty. In assessing Nobel Laureate Prof Yunus’ global contributions, Dr Tang highlighted the uniqueness of his work in pioneering community-based financing. “Dr Yunus has introduced a model of financing that was not part of mainstream Western economics. His approach to community-based microfinance is a significant innovation that has reshaped global thinking about poverty alleviation and social empowerment.” Dr Yunus gifted tremendous ‘soft power’ to Bangladesh: Lutfey Siddiqi According to Prof Tang, Peking University is deeply invested in the development discourse and finds strong alignment between its own academic ethos and the values embodied in Prof Yunus’ work. “Our university has historically been tied to major ideas and movements within China’s development process. We highly appreciate the work done by Prof Yunus, and he has indeed influenced us, especially in development economics,” he said. Asked how Prof Yunus' message resonates with the younger generation, Prof Tang focused on the growing shortcomings of traditional Western economic models and the need for innovative thinking. “The Western model, particularly in the US, has shown increasing signs of strain—from financial overdependence to rising inequality. This tells us that alternative models are essential,” he said. Prof Yunus has shown the importance of thinking outside the typical boxes and being brave enough to innovate and make a meaningful impact on society, he added. He mentioned that the honorary recognition is not only a tribute to Prof Yunus but also a new chapter of collaboration between China and Bangladesh in the academic and development sectors. This honour will surely inspire greater collaboration between institutions in China and Bangladesh. “We are very interested in Prof Yunus’s vision and how it can contribute to broader development goals in his country and beyond,” he added. Looking ahead, Prof Tang hinted at potential future collaborations between Bangladesh and China. “There is growing interest in studying social enterprises and microfinancing models. After decades of practice, there are still many important lessons to uncover, and we expect joint research, seminars and programmes to emerge from this," he said. Prof Yunus' visit sparked widespread enthusiasm and admiration across the Peking University campus. Dr Yunus named among Time magazine’s 100 most influential people “People were genuinely and pleasantly surprised. While we had important events lined up for late March, the news of Prof Yunus receiving the honorary degree came as a delightful moment. It brought pride and joy to our entire community, especially the students,” Prof Tang said. With this recognition, Peking University not only celebrated the life work of a global pioneer but also reinforced the importance of rethinking conventional models to address contemporary challenges—a message that continues to inspire future generations worldwide.

The government will set up hajj management centres in Bangladesh and the holy cities of Makkah and Madinah in addition to launching a dedicated mobile application, aiming to provide smooth services to hajj pilgrims. The app will be introduced to provide a wide range of services, including lost luggage tracking, medical assistance, complaint remedy, real-time information and emergency support, Religious Affairs Adviser AFM Khalid Hossain said in an exclusive interview with UNB. Through the app authorities in Dhaka will be able to monitor and support pilgrims in Saudi Arabia round the clock. The adviser said the initiatives are being taken to make this year’s hajj smoother and hassle-free. The decision to establish hajj management centress was taken at a meeting of the National Committee on Hajj Management held on February 25 at the office of the Chief Adviser, he said. Hajj registration deadline extended till Dec 15 He said, “The centres will be operational at the Ashkona Hajj Office and Bangladesh hajj offices in Makkah and Madinah. Chief Adviser Dr Muhammad Yunus will inaugurate a Roaming Package, mobile app, Hajj pre-paid card service on April 20.” Hajj agencies asked to finalise agreements with approved service providers Besides, pilgrims this year will not require to carry cash, he said, adding each will be issued a debit card which is reloadable in Bangladesh and it can be used for transactions in Saudi Arabia, said Khalid. “The government is also set to introduce an affordable mobile phone roaming facility allowing pilgrims to use their Bangladeshi SIM cards in Saudi Arabia without purchasing new ones,” he added. Officials at the Ministry of Religious Affairs said the app will offer support before, during and even after the hajj journey. It will provide real-time instructions in Bangla and guide pilgrims on daily rituals, travel routes and historical backgrounds of sacred sites. It will also help remind pilgrims of relevant prayers for each day. In case of health issues, call centre representatives will connect pilgrims with medical professionals, said the officials. They said any question can be addressed through the app's hotline, and suggestions can be submitted via a feedback portal. “We want to ensure that the stress of travel does not interfere with the spiritual purpose of hajj,” a ministry official said. The app will also offer a smart luggage tracking feature. Electronic chips will be attached to luggage, enabling tracking from a central call centre as losing luggage is a frequent issue for Bangladeshi pilgrims, and this system will help prevent that, said the official. A total of 92,300 Bangladeshis will perform hajj this year – 5,200 under government management and 87,100 through private agencies. Registration began on September 1 last year and ended on December 26 while visa issuance began on February 19. Hajj flights are set to begin on April 29. This year, the cost of performing Hajj under government management is set at Tk 4,78,242 under Package-1 and Tk 5,75,680 under Package-2. The minimum cost for pilgrims under private management is Tk 4,83,156. A total of 941 hajj agencies are involved in this year’s operation. The holy hajj is expected to be observed on June 5 next subject to moon sighting.