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As a consequence, Islami Bank Bangladesh Limited, the first shari'ah compliant bank in Bangladesh started operations on 30 March 1983. [11] It was founded by Saudi and Kuwaiti investors who provided 70 per cent of the initial capital. [7] [11] It is a public limited company registered under the Indian Companies Act of 1913. IBBL is a joint ...
The High Commissioner of Bangladesh to Pakistan is the top diplomatic representative of Bangladesh to Pakistan. The High Commissioner heads the Bangladeshi High Commission in Islamabad . [ 1 ] The post was created on 3 January 1976, shortly after Pakistan and Bangladesh established diplomatic relations .
The protest began in June 2024, in response to the Supreme Court of Bangladesh reinstating a 30% quota for descendants of freedom fighters, reversing the government decision made in response to the 2018 Bangladesh quota reform movement. Students began to feel like they have a limited opportunity based on merit.
At the heart of the demonstrations is a quota system that reserves up to 30% of government jobs for family members of veterans who fought in Bangladesh’s 1971 war of independence against Pakistan.
In Bangladesh, 56% of government jobs are reserved for various quotas. Ten percent are reserved for women, 10% for people from underdeveloped districts, 5% for indigenous communities and 1% for ...
Bangladesh’s top court on Sunday scaled back a controversial quota system for government job applicants, a partial victory for student protesters after days of nationwide unrest and deadly ...
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.
Bangladesh Bank is the central bank of Bangladesh and the chief regulatory authority in the banking sector. According to the Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka Branch of the State Bank of Pakistan as the central bank of the country and named it Bangladesh Bank with retrospective effect from 16 ...