Khulna share investors in dire straits
Thursday, 26 May 2011
Our Correspondent
KHULNA, May 25: Unemployed youths, students, business personnel, people of different occupation and even housewives entered into the share market with high risk as there is no alternative employment opportunity in Khulna. As a result, the number of brokerage houses and investors have increased in Khulna two to three times within two years. However, local investors have suffered severe losses from last December for decline in prices of the share market. Losing the capital many people turned off from the share market and a passing measurable life. The veteran investors opined that demutualisation is the most important to keep stability in share market. According to them local investors, foreigners and overseas investors will be inspired when it is implemented. It is learnt that from the officials of city's M Securities Limited, NCC Securities Limited, Joytun Securities Limited, Al-Arafa Securities Limited, ICB Securities Limited, Khurshid Securities Limited that the dreadful price fall has been started from last December in the country's share market. For this reason, more than 50 thousand investors lost their capital and passing miserable life. At the same time the number of investors have also reduced day by day from the market. Moniruzzaman an official of M Securities said that the transaction has been poor during the last five months and most of the securities houses in Khulna are now inoperative. The general investors urged the government to work with sincerity and transparency to resolve the existing problems of the share market. Spot assessment programme Another report adds: A Spot Assessment Programme-2011 was held at Kaloroa Upozila Auditorium at Satkhira Tuesday to remove tax phobia, easy tax payment and to create awareness among the taxpayers. This programme was arranged by National Revenue Board. The Additional Commissioner of Tax Khulna Region Md. Golam Mostafa was in the chair. In the programme commissioner of Taxes of Khulna region Md. Nurul Alam addressed as chief guest while Upazila Chairman BM Nazrul Islam and Mayor of Kalaroa Municipality Gazi Aktarul Islam spoke as special guests. Al-Hajj Golam Rabbani was adjudged the best tax payer in this year of the Upazila. At the end of the programme TIN certificates were distributed among the 193 new taxpayers of the Upazila. Cargo ship seized Another message adds: Mongla Coast guard seized a cargo ship loaded with 30 sacks of wheat while being trafficked from a commercial ship Tuesday. Lt. Colonel Bodrudozza of Mongla Coast Guard said that Tuesday noon the smugglers was trafficking the wheat from the ship Banglar Mamota anchored at port. On information the coast guards raided the ship on river Poshur and recovered the cargo. The smugglers managed to escape. Later the seized ship was handed over to the Mongla Thana. A case was filed in this connection and none was arrested.
KHULNA, May 25: Unemployed youths, students, business personnel, people of different occupation and even housewives entered into the share market with high risk as there is no alternative employment opportunity in Khulna. As a result, the number of brokerage houses and investors have increased in Khulna two to three times within two years. However, local investors have suffered severe losses from last December for decline in prices of the share market. Losing the capital many people turned off from the share market and a passing measurable life. The veteran investors opined that demutualisation is the most important to keep stability in share market. According to them local investors, foreigners and overseas investors will be inspired when it is implemented. It is learnt that from the officials of city's M Securities Limited, NCC Securities Limited, Joytun Securities Limited, Al-Arafa Securities Limited, ICB Securities Limited, Khurshid Securities Limited that the dreadful price fall has been started from last December in the country's share market. For this reason, more than 50 thousand investors lost their capital and passing miserable life. At the same time the number of investors have also reduced day by day from the market. Moniruzzaman an official of M Securities said that the transaction has been poor during the last five months and most of the securities houses in Khulna are now inoperative. The general investors urged the government to work with sincerity and transparency to resolve the existing problems of the share market. Spot assessment programme Another report adds: A Spot Assessment Programme-2011 was held at Kaloroa Upozila Auditorium at Satkhira Tuesday to remove tax phobia, easy tax payment and to create awareness among the taxpayers. This programme was arranged by National Revenue Board. The Additional Commissioner of Tax Khulna Region Md. Golam Mostafa was in the chair. In the programme commissioner of Taxes of Khulna region Md. Nurul Alam addressed as chief guest while Upazila Chairman BM Nazrul Islam and Mayor of Kalaroa Municipality Gazi Aktarul Islam spoke as special guests. Al-Hajj Golam Rabbani was adjudged the best tax payer in this year of the Upazila. At the end of the programme TIN certificates were distributed among the 193 new taxpayers of the Upazila. Cargo ship seized Another message adds: Mongla Coast guard seized a cargo ship loaded with 30 sacks of wheat while being trafficked from a commercial ship Tuesday. Lt. Colonel Bodrudozza of Mongla Coast Guard said that Tuesday noon the smugglers was trafficking the wheat from the ship Banglar Mamota anchored at port. On information the coast guards raided the ship on river Poshur and recovered the cargo. The smugglers managed to escape. Later the seized ship was handed over to the Mongla Thana. A case was filed in this connection and none was arrested.