The government has backtracked on its move to implement the new VAT law from the start of the new fiscal year in the face of resistance from businesses, a section of revenue officials and inadequate preparation by the National Board of Revenue (NBR).

Prime Minister Sheikh Hasina attends the Outreach Meeting of the G7 countries, representing world's seven major advanced economies.

The International Monetary Fund says the global economy faces wide-ranging threats from weak growth and rising protectionism, warning of possible "severe" damage should Britain quit the European Union.

Bangladesh is going to be the part of a joint initiative to establish a regional body in South Asia to enhance skills and capacity development of public sector officials and bankers.

The International Monetary Fund downgrades its forecast for global economic growth, expecting economic activity to increase 3.4% this year followed by 3.6% in 2017.

IMF chief Christine Lagarde is to stand trial in France for alleged negligence over a €400m (£291m; $434m) payment to a businessman in 2008, local media say.

Pressure from the IMF suggests that, with time China will indeed move towards a more open capital market. But that creates other challenges for Asia's largest economy.