Capital market can help 'lessen dependence' on foreign lenders
Saturday, 9 January 2010
Mohammad Mufazzal from Barisal
Dhaka Stock Exchange (DSE) President Md Rakibur Rahman said the government, investors and bourses could jointly supply adequate money for development of the country's power sector as well as infrastructures to lessen dependence on World Bank and IMF.
"The government will be able to collect Tk 200 billion within next five years for development of the power sector by offloading shares of state-owned enterprises," the DSE president said at a press briefing at Barisal Press Club Friday.
"The main task of the government is to eliminate poverty and maintain adequate supply of electricity and all other necessities. DSE is ready to help the government as far as possible from the capital market. For this purpose the government should offload shares of hotel-motel, airports and flyovers," the DSE president added.
In reply to a question from a reporter of Barisal, the DSE president said the stock market regulator should pave the way for quick disposal of the writ petition on mutual fund.
He was set to inaugurate a programme on investors' awareness on the day at Barisal. He assured the local investors that the DSE would continue the awareness programme at Barisal on a regular basis.
"The investors must come to invest in the capital market having the complete information about a company's shares," he said.
The DSE president also said in 2010 about 1.0 million new investors would enter the capital market and then the daily turnover of the stock market would cross the target of Tk 30 billion. "To meet the aforesaid target the supply of good shares is a must," he said.
Two former DSE presidents Abdul Haq and Kazi Firoj Rashid and DSE vice president Shakil Rizbi were also present at the press briefing.
Dhaka Stock Exchange (DSE) President Md Rakibur Rahman said the government, investors and bourses could jointly supply adequate money for development of the country's power sector as well as infrastructures to lessen dependence on World Bank and IMF.
"The government will be able to collect Tk 200 billion within next five years for development of the power sector by offloading shares of state-owned enterprises," the DSE president said at a press briefing at Barisal Press Club Friday.
"The main task of the government is to eliminate poverty and maintain adequate supply of electricity and all other necessities. DSE is ready to help the government as far as possible from the capital market. For this purpose the government should offload shares of hotel-motel, airports and flyovers," the DSE president added.
In reply to a question from a reporter of Barisal, the DSE president said the stock market regulator should pave the way for quick disposal of the writ petition on mutual fund.
He was set to inaugurate a programme on investors' awareness on the day at Barisal. He assured the local investors that the DSE would continue the awareness programme at Barisal on a regular basis.
"The investors must come to invest in the capital market having the complete information about a company's shares," he said.
The DSE president also said in 2010 about 1.0 million new investors would enter the capital market and then the daily turnover of the stock market would cross the target of Tk 30 billion. "To meet the aforesaid target the supply of good shares is a must," he said.
Two former DSE presidents Abdul Haq and Kazi Firoj Rashid and DSE vice president Shakil Rizbi were also present at the press briefing.