Former commerce minister and standing committee member of BNP Amir Khosru Mahmud Chowdhury on Monday said that the capital market would only truly gain the trust of stakeholders when government projects begin sourcing funds directly from the stock market.
Speaking at a workshop titled 鈥楥apital Market Reconstruction and Reality鈥�, organised by the Economic Reporters鈥� Forum at its auditorium in Paltan, he said that the growth of the capital market went beyond the mere introduction of a few good companies for initial public offerings.
Khosru warned that over-regulation by relevant bodies, without strong self-regulation mechanisms, was hampering the institutional capacity of the market.聽
He emphasised the need for the 鈥榙emocratisation鈥� of Bangladesh鈥檚 economy to ensure proper growth.
The BNP leader said that both domestic and foreign investors were eagerly awaiting opportunities to invest in Bangladesh鈥檚 growing economy.
In response to a question, the BNP leader said that no major reforms would take place unless the country鈥檚 political culture was fundamentally changed.聽
He also reaffirmed BNP鈥檚 commitment to capital market investment, saying, 鈥業f we are voted to power, I give you a commitment to make the economy and the capital market stronger.鈥�
Mominul Islam, chairman of the Dhaka Stock Exchange; AKM Habibur Rahman, chairman of the Chittagong Stock Exchange; and president of the DSE Brokers Association of Bangladesh also spoke at the event.
