PM asks capital market stakeholders to be ‘diligent’

Prime Minister Sheikh Hasina has urged all capital market stakeholders to be more diligent in the ‘national interest’. She has promised them continuous government support.

“The capital market is a key long-term funding source for many sectors of the economy, including industries and infrastructure that help expedite growth,” she said at a signing ceremony at her office on Sunday. 

“We are trying to set up an efficient, stable and strong capital market that will be transparent and accountable.”

The Bangladesh Securities and Exchange Commission has signed a memorandum of understanding (MoU) with the Security and Exchange Board of India to strengthen cooperation.

Hasina said she believed sharing experiences would allow the BSEC to “enrich our capital market”.

She hoped the BSEC would introduce financial literacy programmes for investors.

The prime minister highlighted government measures for the capital market which helped the BSEC to jump to category ‘A’ from category ‘B’ in the ranking of the International Organisation of Security Commission.

“Sustainable development needs huge funding,” she pointed out. 

“A strong, accountable and effective capital market can play an important role in mobilising funds for industrialisation and development of infrastructure,” the prime minister said.

She hoped the BSEC would move in this direction.