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Home/Industry & Trade/Cabinet approves Public Procurement amendment ordinance to protect local industry
Industry & Trade

Cabinet approves Public Procurement amendment ordinance to protect local industry

By Staff Correspondent
20 September 2026 2 min read
0
Updated on October 10, 2026

Photo: Collected

The cabinet has given in-principle and final approval to the draft of the ‘Public Procurement (Amendment) Ordinance, 2026’ with the aim of protecting the interests of local industry and increasing competition in government procurement.

The final approval of the ordinance was given at the 21st meeting of the cabinet held at the Secretariat in the capital today, Sunday, with Prime Minister Tarique Rahman in the chair. This was disclosed in a press release from the Cabinet Division.

The release said that through the amendment of the public procurement law, more competition will be created in procurement activities alongside protecting the interests of local industry. At the same time, the provisions relating to the administration and management of procurement contracts will be expanded and the procedure of the open tendering method will be modernised.

To widen the scope of the sustainable procurement system, a provision has been kept for evaluation based on the ratio of criteria in the procurement of goods, works and physical services. Under this method, synonymous with the internationally widely practised concept of ‘rated criteria’, procurement proposals will be evaluated on the basis of various criteria.

Besides, provisions have been kept for the application of the limited tendering method with the aim of balanced distribution of resources, clarification of the provisions relating to professional misconduct and an alternative procurement arrangement for urgent state needs.

The draft of the ‘Public Procurement (Amendment) Ordinance, 2026’ was placed before the cabinet precisely to bring about these time-befitting changes.

The release further said the draft ordinance received final approval at the cabinet meeting subject to vetting by the Legislative and Parliamentary Affairs Division.

Members of the cabinet and secretaries of the ministries concerned were present at the meeting.

Author

Staff Correspondent

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Latest Comments

  1. Pakhi commented on: What is the price of gold in the market now, know the per-bhori rates
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Stock Market

Market Closed 21 October 2026, 1:04 AM
Source: Dhaka Stock Exchange and Chittagong Stock Exchange

Gold Price

BAJUS 19 October 2026, 11:11 PM
Type Market priceper Vori Old gold saleper Vori
22 Karat ৳2,28,031$1845.21 ৳1,89,266$1531.53
21 Karat ৳2,17,767$1762.15 ৳1,80,747$1462.59
18 Karat ৳1,87,032$1513.45 ৳1,55,237$1256.17
Traditional ৳1,52,798$1236.43 ৳1,26,822$1026.23
Type Market priceper Gram Old gold saleper Gram
22 Karat ৳19,550$158.20 ৳16,227$131.31
21 Karat ৳18,670$151.08 ৳15,496$125.39
18 Karat ৳16,035$129.75 ৳13,309$107.70
Traditional ৳13,100$106.00 ৳10,873$87.98
Type Market priceper Ana Old gold saleper Ana
22 Karat ৳14,252$115.33 ৳11,829$95.72
21 Karat ৳13,610$110.13 ৳11,296$91.41
18 Karat ৳11,690$94.59 ৳9,703$78.52
Traditional ৳9,550$77.28 ৳7,927$64.14
Type Market priceper Rati Old gold saleper Rati
22 Karat ৳2,375$19.22 ৳1,971$15.95
21 Karat ৳2,268$18.35 ৳1,882$15.23
18 Karat ৳1,948$15.76 ৳1,617$13.08
Traditional ৳1,592$12.88 ৳1,321$10.69

Source: Bangladesh Jewellers Association (BAJUS), hallmarked gold. Old gold sale = market price less 17%. US$1 = ৳123.58.

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