East West University and Mutual Trust Bank PLC (MTB) have recently signed an important service agreement that will allow the bank to provide enhanced payroll banking and cash management facilities for the university’s faculty members, administrative staff, and students. The agreement was exchanged at a ceremony held on the university campus.

Professor Dr Mohammed Farashuddin, Chairperson of the Board of Trustees of East West University, and Syed Mahbubur Rahman, Managing Director and Chief Executive Officer of MTB, signed the documents on behalf of their respective institutions. According to a press release, the collaboration is expected to make financial services more accurate, user-friendly, and technologically advanced.

Under the agreement, MTB will take responsibility for collecting tuition fees, managing payments, and processing payroll operations. The arrangement is expected to provide faster and more convenient banking support for both students and employees.

Representatives from East West University included Vice Chancellor Professor Shams Rahman, Pro-Vice Chancellor Professor Dr Mohammad Ashik Mosaddik, Treasurer Air Cdre. Ishfaq Ilahi Choudhury (Retd.), Registrar Mashfiqur Rahman, and Director of Finance Md Touhidul Islam FCA.

Senior officials attending from MTB included Deputy Managing Director Md Shafquat Hossain, Head of Retail Segment Tahsin Taher, Head of Cash Management Mohammad Ashik Iqbal Khan, and Head of Payroll Banking Rashid Ahmed Bin Wali.

Meanwhile, the suspension on the increased fees of Chattogram Port has been lifted, putting an end to a prolonged obstacle. The chamber judge of the Supreme Court withdrew the stay order last Tuesday. On Sunday, the port authority issued a circular instructing officials to collect fees according to the revised rates.

Earlier, on 9 November, the High Court had suspended the fee increase for one month following a writ petition from the Bangladesh Maritime Law Society. However, after a leave-to-appeal request by the shipping ministry, Justice Farah Mahbub revoked the suspension.