CPD for offloading shares of SoEs in capital market

Centre for Policy Dialogue (CPD) has suggested that the government should consider, among others, offloading shares of state-owned enterprises (SoEs), in the capital market to help achieve its revenue earnings target.

The leading private think-tank in its 'State of the Bangladesh Economy in FY2015 and the Closure of Sixth Five Year Plan' released Monday made the suggestion.

"To achieve a realistic revenue target, different measures, including the offloading of the SoEs' shares, need to be undertaken," said the CPD.

Meanwhile, the government has initiated a fresh move to offload shares of state-run more power entities in the capital market to raise funds for financing various development projects under the Power Division.

The decision was taken a meeting held on May 21 last at the power division under the ministry of the power, energy and mineral resources.

At the meeting, a committee was formed headed by Monowar Islam, Secretary of Power Division.

Representatives of securities regulator, stock exchanges, state-run investment corporation were also included in committee.

According to meeting sources, the committee will make a comprehensive work plan, including recommendations and submitted its report within 30 working days, meeting sources said.

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