ICB applauds budget initiatives to boost stock market

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ICB applauds budget initiatives to boost stock market

B Mirror Report :  The Investment Corporation of Bangladesh (ICB) has welcomed a series of capital market-friendly measures announced in the national budget for fiscal year 2026-27, expressing appreciation to the government for introducing what it described as timely initiatives to support the country’s stock market.

In a press release issued on Tuesday, the state-owned investment institution said the budget includes several reforms aimed at strengthening the capital market. These include the removal of the mandatory minimum shareholding requirement, additional tax incentives for initial public offerings (IPOs), direct listings and rights share offerings (RPOs), incentives for the banking sector, reforms to the tax structure for dividends and mutual funds, and tax concessions on zero-coupon bonds.

According to ICB, these measures are expected to strengthen investor confidence, enhance market stability and encourage long-term investment. The corporation said the initiatives would accelerate the sustainable development of Bangladesh’s capital market while contributing positively to overall economic growth.

ICB also reaffirmed its commitment to supporting the government’s efforts to promote a stronger investment-friendly environment and ensure the sustainable development of the country’s capital market through continued cooperation in implementing the announced policy measures.

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