BB extends payment period for raw material imports till Dec

The Bangladesh Bank (BB) has extended the period for payment against imports of industrial raw materials from 180 to 360 days, maintaining this arrangement until December 2024.

Previously, this facility was set to expire in June of the current year, as per a BB circular issued on Sunday, reports BSS.

"To facilitate trade transactions, it has been decided to extend the policy support contained till December 31, 2024. The extended usance period will not be applicable for imports under EDF loans as earlier. Other relevant instructions shall remain unchanged," it added.