Skip to main content
Latest

Finance Minister calls for making capital market institutional and paperless

Advertisement
Finance Minister calls for making capital market institutional and paperless
Finance Minister Amir Khosru Mahmud Chowdhury has called for transforming the country's capital market from reliance on retail investors to an institutional and fully paperless system. At the same time, he directed ICB to move away from its traditional course and transform into a market-based, competitive and professional institution.

The Finance Minister said this while speaking as chief guest at the golden jubilee and founding anniversary ceremony of the Investment Corporation of Bangladesh (ICB) on Thursday.

Advertisement
300*250 Ad-A-P1

He said the world's capital markets are mainly institutional investor-dependent. ICB will have to play an important role in establishing Bangladesh's market on an institutional foundation.

Advertisement
300*250 Ad One-Green

The Finance Minister said work is underway for 100% automation and digitization at every level of the capital market. All operations, including listing applications, approvals and decision-making, must be completed online. He also said appointments are being made to important posts in the financial sector without political considerations.

Mentioning international investors' interest in Bangladesh's capital market and economic reforms, Amir Khosru said an environment is being created to bring global capital through private funds, climate funding and derivatives.

Advertisement
728*90 Ad One-Y

The Finance Minister expressed hope that ICB will become a modern, efficient and international-standard institution through its experience and internal restructuring.

Advertisement
728*90 Ad One-P
Advertisement
728*90 Ad One-be
Dhaka Magazine Follow our Google News channel for updates
Stock Market More from
BSEC advises investing in mutual funds considering asset value

BSEC advises investing in mutual funds considering asset value

22 hours ago
Foreign investors’ transactions rise 37.6% in eight months

Foreign investors’ transactions rise 37.6% in eight months

2 days ago
Call for integrated action plan to reduce goods clearance time and cost

Call for integrated action plan to reduce goods clearance time and cost

1 week ago
Kakhaber Benidze Appointed New Managing Director of BAT Bangladesh

Kakhaber Benidze Appointed New Managing Director of BAT Bangladesh

2 months ago
Three-Week Rally Halts as DSE Market Capitalization Drops by BDT 9,613 Crore

Three-Week Rally Halts as DSE Market Capitalization Drops by BDT 9,613 Crore

2 months ago
Investors demand 6 points including cancellation of script netting

Investors demand 6 points including cancellation of script netting

2 months ago