Dhaka: Chief Adviser's Press Secretary Shafiqul Alam announced today that the government is not transferring control of Chattogram Port to any external entity but is seeking to renovate it. "The government aims for the world's largest companies to manage the Chattogram Port. We are not handing over the port; instead, we want foreign companies to invest in the terminal and manage it. Already, foreign investors have pledged $3 billion," Shafiqul Alam stated during an event of the Capital Market Journalists Forum (CMJF) in Paltan, Dhaka.
According to Bangladesh Sangbad Sangstha, Shafiqul Alam emphasized the need for strengthening the port infrastructure, highlighting that many countries have numerous port terminals, while Bangladesh is currently focusing on just one. The interim government is actively pursuing reforms, improving judicial processes, and preparing for upcoming elections, which are integral to ongoing economic reforms.
Shafiqul Alam expressed optimism that post-reform, the economic situation would improve, creating a robust platform for the Bangladeshi economy to thrive. This economic growth is expected to significantly impact the stock market. "If the overall economic situation improves, it is anticipated that the Bangladeshi stock market will reach unprecedented heights rapidly," he added.
Discussing the national elections, Alam confirmed that they are scheduled to occur by June 30 next year. He also addressed concerns about the capital market, criticizing it as a "den of robbers" where small investors have suffered. The press secretary highlighted the importance of involving foreign experts to reform the capital market to global standards, with reforms expected within three months.
Additionally, Shafiqul Alam remarked on efforts to rejuvenate the banking sector, which has struggled in the past. "Our banking system was in a state of ruin. We are working to elevate it from this situation," he said. The floating of the currency without depreciation is seen as a positive indicator of successful reforms.
Alam also noted the significance of attracting foreign investment for the capital market's growth, citing an upcoming visit by 150 Chinese investors. Reducing inflation remains a government priority, with hopes to bring it down to 5 percent by year-end. Furthermore, dividing the National Board of Revenue (NBR) into two is expected to enhance tax collection, addressing inefficiencies in the previous system.
The CMJF event was presided over by President Golam Samdani Bhuiyan and moderated by General Secretary Abu Ali.