ISLAMABAD: The World Bank said on Friday it had approved a $1 billion loan for Pakistan and “envisages” another $11 billion package spanning five years.

The targets were calculated by subtracting government and agriculture loans from the total loan status of each of the banks. Bangladesh Bank has set a total credit limit of Tk6,186 crore for four state-owned banks for this year.

Probashi Kallyan Bank (PKB), a specialized bank for expatriates’ welfare,

Dhaka-President of Islamic Development Bank (IDB) group Dr. Ahmad Mohamed Ali Al-Madani distributed sacrificial meat among one thousand two hundred destitute poor people at Dumni and Vatara Union,

Pubali Bank Limited has won “Certificate of Merit” award of ICMAB Best Corporate Award-2013 in the category of Private Commercial Bank (Traditional Operation) by the Institute of Cost and Management Accountants of Bangladesh (ICMAB) for transparency,

Airtel Bangladesh Limited, one of the leading mobile service providers of the country, recently signed an agreement with Bank Asia Limited to provide latter’s mobile banking services within Airtel network,

Dhaka stocks declined sharply on Tuesday, third trading session in a row, as investors turned shaky apprehending further fall in the market following a Bangladesh Bank move against the banks which have increased their capital market investment beyond the allowable limit.

Bangladesh Bank Governor Dr Atiur Rahman has put emphasis on effective regional efforts to cut the risks of trade openness.

Bangladesh Bank has set a total credit limit of Tk6,186 crore for four state-owned banks for this year.

The government has taken out only 19 percent of its borrowing target from the banking system in the nine and a half months of the fiscal year, due to low implementation of development programmes and low spending on subsidy.