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Experts pinpoint weak areas of capital market

Discussants said long term investments and proper coordination among the regulatory bodies should be inspired to ensure the due role of the country’s capital market in national economy.

Their observations came Saturday at a webinar titled ‘The Role of Capital Market for Bangladesh’s Development’.

The Bangladesh Securities and Exchange Commission (BSEC) organized the webinar to celebrate the World Investor Week (WIW) 2020.

Finance Minister AHM Mustafa Kamal attended the webinar as the chief guest while Salman F Rahman MP, private sector industry and investment advisor to the Prime Minister, was the special guest.

In his speech, Mr. Kamal attached importance to development of the capital market to accelerate the country’s economic growth.

“The capital market is the base of economic development. We have market supportive fiscal policy,” said the finance minister.

Following the demand of ensuring the supportive role of National Board of Revenue (NBR), the finance minister said the revenue board must help the businesses for the sake of the country’s economy.

“The government was able to offer incentives worth $13 billion amid pandemics to keep the business operations unaffected. We will not fail,” said Mr. Kamal.

(FE)

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