Govt steps up efforts to strengthen capital market

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Govt steps up efforts to strengthen capital market

B Mirror Report:The government has begun taking a more proactive role in strengthening Bangladesh’s capital market and placing it on a sustainable footing. As part of this initiative, Prime Minister’s Special Assistant on Investment and Capital Market Affairs, Tanvir Ghani, visited the Bangladesh Securities and Exchange Commission (BSEC) on Sunday.

During the visit, he assured that the government would continue to extend all necessary policy support to foster market development in the coming days.

This was Ghani’s first visit to the BSEC since assuming office on April 2. Market insiders believe the visit signals strong attention and oversight from the highest level of government toward the country’s stock market.

According to BSEC sources, Ghani was warmly received at the commission’s headquarters by Chairman Khondoker Rashed Maqsood and other commissioners. He held detailed discussions on the current market situation, existing challenges, and future prospects. The commission also briefed him on ongoing reform initiatives and strategic plans.

The meeting, which lasted nearly three hours, featured constructive discussions on key market issues, including ensuring transparency, restoring investor confidence, preventing manipulation, enhancing market depth, and securing long-term stability. Ghani reiterated the government’s commitment to providing continuous policy support to achieve these goals.

Sources said the Prime Minister’s Special Assistant showed strong interest in capital market development and emphasized the need for building a modern and sustainable market framework. He also inquired about steps taken by the commission to improve transparency and regain investor trust, expressing willingness to play an active role in modernizing market structures.

Market stakeholders expect that such high-level government engagement could bring positive changes to the capital market. Effective implementation of reforms and direct policy oversight may help the market achieve stability and improved performance in the near future.

Meanwhile, the Bangladesh Nationalist Party (BNP), in its 13th parliamentary election manifesto titled “Bangladesh First,” outlined a comprehensive roadmap for capital market reforms. The proposals include ensuring the independence of the commission, forming a separate reform body, enhancing transparency, preventing manipulation, developing a strong bond and equity market, introducing corporate bonds and sukuk, facilitating investment for expatriates, adopting blockchain technology, attracting foreign investment, ensuring easier market access, establishing a capital market tribunal, and promoting financial literacy among students.

 

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