Five Directives from the Chief Advisor to Improve the Country's Capital Market Situation

ছবিঃ সংগৃহীত

Economy Desk: Chief Advisor Professor Muhammad Yunus has given five instructions to those concerned to improve the country's capital market situation. The principal advisor gave these instructions in a meeting held with the concerned at the State Guest House Jamuna on Sunday (May 11).

The instructions are: taking necessary steps to reduce the government's share in government-owned multinational companies and include them in the capital market; taking necessary steps, including incentives, to encourage large domestic companies in the private sector to list in the capital market; bringing in foreign experts to prevent manipulation by vested interests and reforming the capital market within three months; taking strict action against everyone involved in irregularities in the capital market; and reducing the dependence of business institutions that need large loans on bank loans and making them interested in raising funds from the capital market through bonds and equities.

Stating that people's trust will not be restored unless those who have been involved in the looting of the stock market for the past few decades are brought to justice, the Chief Advisor said, "The state in which the stock market has been brought is unimaginable. We must overcome this situation. Through necessary reforms of the stock market, we must restore it to a state where people regain trust and it does not become a den of looters," the Chief Advisor said.

Also present at the meeting were Finance Advisor Salehuddin Ahmed, Special Assistant to the Chief Advisor on Finance Ministry Anisuzzaman Chowdhury, and Bangladesh Securities and Exchange Commission (BSEC) Chairman Khandaker Rashed Maksud.