The people who are at the helm of the country's capital market are managing it very well and Bangladesh will have a strong capital market that can support economic prosperity – which was a dream of the father of the nation – said Finance Minister AHM Mustafa Kamal.
He stated this as the chief guest of a virtual discussion programme titled "Golden Jubilee of Independence: Achievements and Prospects of the Bangladesh Capital Market in Light of the Vision of Bangabandhu."
The programme was arranged by the Dhaka Stock Exchange (DSE) on Tuesday.
The finance minister said that in recent days the government has done even more than what is necessary for the development of the capital market, including implementing many reforms and fiscal measures.
His office is ready to welcome further proposals that can help the market grow in a pro-people manner, he continued.
The programme discussion was based on Bangabandhu Sheikh Mujibur Rahman's dream for his people's economic prosperity – alongside political emancipation and the capital market's role in the fulfilment of his dreams.
The top representatives of the capital market regulator, bourses and intermediary industries were present at the discussion.
The programme was presided over by DSE Chairman Md Eunusur Rahman. The Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-Ul-Islam and Financial Institutions Division's Senior Secretary Md Ashadul Islam were present as special guests.
Highlighting the importance of transparency and accountability for investors' confidence, Professor Shibli Rubayat-Ul-Islam said automation is reducing malpractice in the market and his office is working with stakeholders for there to be excellent IT infrastructure across the capital market.
The BSEC is also implementing its plans for product diversification in the capital market alongside bringing underperforming public companies back on track.
DSE Chief Operating Officer M Saifur Rahman Mazumdar, in his keynote speech, presented the economic growth story of Bangladesh and the potentials of the capital market.
Salma Nasreen, independent director of DSE, said the stock exchange is going to strengthen its technological infrastructure to catch up with the world's advanced bourses.
Among the regulatory officials, BSEC Commissioners Dr Shaikh Shamsuddin Ahmed and Mizanur Rahman spoke on the occasion, while DSE Directors Shakil Rizvi and Rakibur Rahman alongside DSE Brokers Association President Sharif Anwar Hossain took part in the discussion.
The programme, moderated by DSE Managing Director (in-charge) Abdul Matin Patwari, also heard from private sector entrepreneurs including Dhaka Chamber of Commerce and Industry President Rizwan Rahman.