Bangladesh Securities and Exchange Commission (BSEC) Chairman Khandkar Rashed Maksud has commented that the capital market must be developed for the development of the country's economy. He said this in a meeting with the Finance Ministry's Financial Institutions Division (FID) at the BSEC building in Agargaon in the capital on Wednesday.
Khandkar Rashed Maqsud said that for the development of the country's economy and banking system, the capital market must be developed and developed. For the sake of the country's economy, there is a need for an integrated financial system and policy.
On this day FID Secretary Najma Mubarak and senior officials went to BSEC. BSEC Chairman Khandkar Rashed Maksud thanked the secretary for coming to the BSEC office and participating in the meeting. He also said that BSEC is working tirelessly to solve the existing crisis in the capital market and exploit the potential. Apart from this, Rashed Maksud requested the cooperation of the Ministry and FID in the development and reform of the capital market.
In the meeting, Najma Mubarak said that BSEC has a large and important role as a capital market regulatory body. Investment environment should be created for the country's investors. At this time, he mentioned about working together on various policies related to the capital market and solving the challenges existing in the market.
At this time BSEC Commissioner Mu. Mohsin Chowdhury, Md. Ali Akbar, Farzana Lalarukh, Additional Secretary of FID. Saeed Qutb, Joint Secretary Kamrul Haque Maruf, Deputy Secretary Farida Yasmin and other senior officials were present.
Appreciating the zealous attitude of the FID secretary for the sake of the country's economy and capital market. Mohsin Chowdhury said that there is a need to increase the capacity of the regulatory agency BSEC. Necessary steps should be taken to ensure awareness of capital market investors and expansion of investment education across the country. He requested the help of those concerned in the development of the capital market.
Saeed Qutb said, FID will provide all necessary support for the development of the capital market. He called upon the Commission to be strict against those involved in irregularities with special emphasis on the protection of investments of ordinary investors.
In the meeting, taking effective steps to solve the existing negative equity in the capital market, listing good government-owned companies in the capital market and increasing the special fund from Tk 200 crore to Tk 300 crore in addition to the solo and consolidated investment limit by each scheduled bank and extending its term for the next 5 years from February next year. By providing liquidity support to the capital market and calling on the FID to play a strong role in various matters related to the development of the capital market. was informed.
