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Offshore Banking Operation (OBO) was first introduced by Bangladesh Bank in 1985 through a circular for allowing active foreign financing at Export Processing Zones (EPZs). Banks operated the services with Bangladesh Bank approval without any separate law for an offshore banking system until the enactment of the Offshore Banking Act, 2024.
The Foreign Exchange Regulation Act, 1947 (known as FERA) is a law enacted and was officially published by the Government of Pakistan and still applicable in Bangladesh, which was East Pakistan before independence, to regulate certain payments, dealings in foreign exchange and securities, and the import and export of currency and bullion.
After the partition of the subcontinent in 1947, Standard Chartered started its business in what is now Bangladesh in 1948, in the port city of Chittagong. [2]In a move that Standard Chartered said transformed it into the largest foreign bank in Bangladesh, it acquired Grindlays Bank from ANZ in August 2000. [3]
In 1971, during the Bangladesh Liberation War against Pakistan, a large group of refugees numbering an estimated 7,235,916 arrived from Bangladesh to India's West Bengal. Nearly 95% of them were Bengali Hindus, and, after the independence of Bangladesh, nearly 1,521,912 Bengali Hindu refugees decided to stay in West Bengal. [35]
Bangladesh joined the Organization of the Islamic Conference, the Commonwealth of Nations and the Non-Aligned Movement. Rahman was invited to Washington DC and Moscow for talks with American and Soviet leaders. In the Delhi Agreement of 1974, Bangladesh, India and Pakistan pledged to work for regional stability and peace. The agreement paved ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 28 February 2025. Economy of Bangladesh Motijheel C/A, the downtown of Dhaka Currency Bangladeshi taka (BDT, ৳) Fiscal year 1 July – 30 June Trade organizations SAFTA, SAARC, BIMSTEC, WTO, AIIB, IMF, Commonwealth of Nations, World Bank, ADB, Developing-8 Country group Developing/Emerging Lower-middle ...
Founded in Chittagong in 1947, it employs over 20,000 people and has interests in textiles, aviation, cement, steel, real estate, insurance and banking. It is the parent company of Regent Airways, a Bangladeshi private airline, [1] and Regent Power Limited, a power generating company. [2]
A.D. 1202 o Islamization of Bengal, 1202-1757 o European Colonization, 1757-1857 + Early Settlements + The British Raj o The Uprising of 1857 + A Great Divide in South Asian History + Reappraisal of British Policy o The Nationalist Movement and the Rise of Muslim Consciousness, 1857-1947 + The Division of Bengal, 1905-12 + Development of the ...