Broadband Internet Prices Reduced by Up to 20pc: Asif Mahmud

In a significant move aimed at making digital connectivity more affordable, broadband internet prices for consumers across Bangladesh have been slashed by up to 20 percent, according to Asif Mahmud Shojib Bhuyain, Adviser to the Ministries of Local Government, Rural Development and Cooperatives, and Youth and Sports.

In a statement published on his verified Facebook profile today, Asif Mahmud confirmed that the Bangladesh Telecommunication Regulatory Commission (BTRC) has implemented the reduction in broadband tariffs. The decision is part of a broader government effort to enhance digital accessibility and affordability, especially for underserved and rural populations.

“The price cut aims to ensure that internet services are within reach for all citizens, enabling greater participation in the digital economy,” Asif Mahmud said.

Industry experts say the decision is timely, as internet usage continues to surge across Bangladesh, driven by growing demand for online education, e-commerce, remote work, and digital services. Lowering broadband costs could significantly reduce the digital divide between urban and rural communities.

In a separate post, Asif Mahmud also shared updates regarding the country's foreign exchange reserves. He stated that Bangladesh's reserves are projected to reach between USD 27 and 30 billion by next month, citing data from the central bank.

“We are working toward a long-term target of USD 40 billion in reserves, although it will take time to reach that milestone,” he noted.

According to the Bangladesh Bank, the country’s gross reserves as of May 19 stood at USD 25.44 billion, while the reserves calculated under the IMF's Balance of Payments Manual 6 (BPM6) methodology stood at USD 20 billion.

Analysts note that strengthening the foreign exchange reserve is crucial for macroeconomic stability, ensuring the country can manage external shocks and meet its international obligations without pressure on the taka.

The adviser’s updates reflect the government’s ongoing focus on digital transformation and financial resilience, two pillars that are expected to play a central role in the nation’s recovery and growth strategy moving forward.