Cabinet Endorses Public Procurement (2nd Amendment) Act, 2026

The cabinet officially approved the draft Public Procurement (2nd Amendment) Act, 2026 during its 26th session. This pivotal decision took place at the government secretariat under the leadership of Prime Minister Tarique Rahman. The meeting focused on refining procurement regulations to enhance transparency and efficiency in public spending. By endorsing this amendment, the administration aims to streamline processes for government contracts and public tenders. The proposed legislation seeks to address emerging challenges in the procurement sector while ensuring fair competition among bidders. Stakeholders anticipate that these changes will modernize the framework governing public acquisitions. The draft was presented for final review before the cabinet’s affirmative vote was cast. This move signals a commitment to strengthening institutional mechanisms for resource allocation. The implementation timeline remains to be determined following the necessary legal formalities. Officials indicated that the revised act will undergo further scrutiny before being promulgated. The objective is to create a robust system that aligns with international best practices. Consequently, the government expects improved accountability and reduced corruption in future procurement cycles.