Dhaka: Finance Adviser Dr. Salehuddin Ahmed today announced that initiatives are being taken to enhance fundraising opportunities via equity. ‘Work is underway to establish commodity exchanges and implement blockchain-based back-office software to increase transparency of the capital market and protect investors,’ he stated while presenting the budget for the fiscal year 2025-26 (FY26) through a pre-recorded telecast speech.
According to Bangladesh Sangbad Sangstha, Dr. Salehuddin expressed optimism that implementing reform recommendations and developing capital market infrastructure will revitalize this critical investment sector. He revealed the formation of the Capital Market Reform Task Force and Capital Market Reform Focus Group, comprising concerned and experienced individuals, to ensure the overall development of Bangladesh’s capital market, bolster investor confidence, and guarantee good governance.
The task force has already submitted draft recommendations on the Bangladesh Securities and Exchange Commission (Mutual Fund) Rules, 2001, and IPO Rules, along with final recommendations on Margin Rules, Dr. Salehuddin mentioned. He noted that to reinvigorate a capital market once plagued by irregularities, manipulation, and corruption under the previous regime, the interim government plans to reduce its shareholdings in multinational companies, encourage large local companies to list on the capital market, implement swift action plans to prevent market manipulation, bring perpetrators of irregularities to justice, and reduce reliance on bank loans.