BSS, Dhaka :
Finance Minister AMA Muhith on Wednesday asked the DSE Brokers Association of Bangladesh (DBA) to give specific proposals to help further development of the country’s capital market to the greater benefit of the national economy.
“I want two proposals on negative equity and how to operate and use the market stability funds,” he said while meeting with the newly elected DBA committee led by DBA President Ahmed Rashid at the secretariat in the city.
During the meeting, the DBA team discussed different issues including giving approval for issuing bond instead of fund for negative equity and forming a market stability fund to make more stable the country’s capital market.
Ahmed Rashid sought two years more as tax rebate opportunity for the brokers and to provide the same facility on capital gain tax, saying the country’s Dhaka and Chittagong Stock exchanges are suffering from system loss.
The government has not planned to give fund for negative equity, said Muhith adding, “We have planned to give opportunity for issuing bonds.”
He also said the government has set a plan to expand the size of the capital market through giving approval more to the state own organisations for selling their shares in the capital market to boost up it further. “We will have to motivate the investors through expanding the capital market,” he added.
Among others, Senior Vice President Mostaque Ahmed Sadeque, Vice President Khugesta Nur-E-Naharin, Directors Abdul Haque and Shahed Abdul Khaleq were present on the occasion.
Finance Minister AMA Muhith on Wednesday asked the DSE Brokers Association of Bangladesh (DBA) to give specific proposals to help further development of the country’s capital market to the greater benefit of the national economy.
“I want two proposals on negative equity and how to operate and use the market stability funds,” he said while meeting with the newly elected DBA committee led by DBA President Ahmed Rashid at the secretariat in the city.
During the meeting, the DBA team discussed different issues including giving approval for issuing bond instead of fund for negative equity and forming a market stability fund to make more stable the country’s capital market.
Ahmed Rashid sought two years more as tax rebate opportunity for the brokers and to provide the same facility on capital gain tax, saying the country’s Dhaka and Chittagong Stock exchanges are suffering from system loss.
The government has not planned to give fund for negative equity, said Muhith adding, “We have planned to give opportunity for issuing bonds.”
He also said the government has set a plan to expand the size of the capital market through giving approval more to the state own organisations for selling their shares in the capital market to boost up it further. “We will have to motivate the investors through expanding the capital market,” he added.
Among others, Senior Vice President Mostaque Ahmed Sadeque, Vice President Khugesta Nur-E-Naharin, Directors Abdul Haque and Shahed Abdul Khaleq were present on the occasion.
