UNB, Dhaka :
The government has formed a high-level committee to identify a concrete roadmap to offload the shares of the state-owned enterprises in the capital market within a year.
In a recent meeting held at the Finance Ministry with Finance Minister AMA Muhith in the chair, additional secretary Moslehuddin Chowdhury got the charge to lead the committee.
“The committee was asked to submit its report with next four months,” sources in the Finance Ministry told UNB.
The listing of state-owned companies in the stockmarket is a long discussed issue: the government in January 2010 had selected 26 state companies and instructed them to offload shares in the next six months, but it never materialised.
The government has failed to offload shares of these enterprises in the stock market during the past seven years allegedly due to non-cooperation of the relevant ministries and bureaucratic tangles.
There are some 45 companies including state-owned enterprises and multinational companies where the government has significant stakes will also be discussed.
The already listed state-owned companies are Titas Gas, Padma Oil, Eastern Lubricants, Desco, Power Grid Company, Meghna Petroleum, Jamuna Oil, Usmania Glass and Atlas Bangladesh.
Additional share offloading of these companies are also under discussion, sources in the Finance Ministry said.
Titas Gas Transmission and Distribution Company was the state-owned company to be listed on the stockmarket in 2008 while the government has been able to offload shares of only the Bangladesh Submarine Cable Company Ltd during the last six years.
Of the 26 state-run companies, 13 entities belong to the Energy and Power Division.
The companies are: Liquefied Petroleum Gas Co Ltd, Bakhrabad Gas Transmission and Distribution Co Ltd, Gas Transmission Co Ltd, Jalalabad Gas T&D System Limited, Paschimanchal Gas Co Ltd, Sylhet Gas Field Co Ltd, Bangladesh Gas Field Co Ltd, Titas Gas Transmission and Distribution Co Ltd, Rupantarita Prakritik Gas Co Ltd, Power Grid Company of Bangladesh, North-West Power Generation Co Ltd, Electricity Generation Company of Bangladesh and Ashuganj Power Station Company Ltd
The government has formed a high-level committee to identify a concrete roadmap to offload the shares of the state-owned enterprises in the capital market within a year.
In a recent meeting held at the Finance Ministry with Finance Minister AMA Muhith in the chair, additional secretary Moslehuddin Chowdhury got the charge to lead the committee.
“The committee was asked to submit its report with next four months,” sources in the Finance Ministry told UNB.
The listing of state-owned companies in the stockmarket is a long discussed issue: the government in January 2010 had selected 26 state companies and instructed them to offload shares in the next six months, but it never materialised.
The government has failed to offload shares of these enterprises in the stock market during the past seven years allegedly due to non-cooperation of the relevant ministries and bureaucratic tangles.
There are some 45 companies including state-owned enterprises and multinational companies where the government has significant stakes will also be discussed.
The already listed state-owned companies are Titas Gas, Padma Oil, Eastern Lubricants, Desco, Power Grid Company, Meghna Petroleum, Jamuna Oil, Usmania Glass and Atlas Bangladesh.
Additional share offloading of these companies are also under discussion, sources in the Finance Ministry said.
Titas Gas Transmission and Distribution Company was the state-owned company to be listed on the stockmarket in 2008 while the government has been able to offload shares of only the Bangladesh Submarine Cable Company Ltd during the last six years.
Of the 26 state-run companies, 13 entities belong to the Energy and Power Division.
The companies are: Liquefied Petroleum Gas Co Ltd, Bakhrabad Gas Transmission and Distribution Co Ltd, Gas Transmission Co Ltd, Jalalabad Gas T&D System Limited, Paschimanchal Gas Co Ltd, Sylhet Gas Field Co Ltd, Bangladesh Gas Field Co Ltd, Titas Gas Transmission and Distribution Co Ltd, Rupantarita Prakritik Gas Co Ltd, Power Grid Company of Bangladesh, North-West Power Generation Co Ltd, Electricity Generation Company of Bangladesh and Ashuganj Power Station Company Ltd
