Dhaka, Dec. 29 -- Bangladesh Bank (BB) has extended the deferred payment period, or usance, for imports of industrial raw materials, aiming to facilitate smoother trade transactions and support the country's manufacturing sector.

The new directive, issued by the Foreign Exchange Policy Department on Monday, adjusts the credit period for importers.

The directive, signed by Md Harun-Ar-Rashid, Director of the Foreign Exchange Policy Department, took immediate effect for all authorised foreign exchange dealers in Bangladesh.

According to the directive, the central bank has decided that industrial raw materials, including back-to-back imports, agricultural implements, and chemical fertilizers, will now be importable for a usance (deferred ...