2024-02-14 13:13:26
Dhaka Stock Exchange (DSE) Chairman Prof. Dr. Hafiz Muhammad Hasan Babu said that the capital market can be a tool for economic development of the country. Through this, not only industrialization will happen, but also employment of the people As in the developed world, the country’s capital market should be involved in economic development. It is necessary to develop a dynamic capital market for rapid industrialization in the country
He said these things while speaking as a special guest at the DBA Stockbrokers Performance Award-2023 ceremony at DSE Tower in Nikunje, capital on Tuesday (February 13).
On Wednesday (February 14), Deputy General Manager of Public Relations Department of DSE. This information was informed in the press release signed by Shafiqur Rahman.
Chairman of DSE said that the country’s economy has grown. But, the country’s capital market is not moving that way. Capital market participation needs to be increased to overcome this problem. In many countries, a large part of industrial capital comes from capital markets It is opposite in our country The availability of bank loans for long-term financing needs to stop Entrepreneurs are not coming to the capital market due to easy access to loans from banks. Many people are not repaying the loan from the bank. As a result, the amount of defaulted loans is increasing day by day. If the entrepreneurs collect long-term money from the capital market instead of the bank, on the one hand, the growth of the capital market will increase, on the other hand, the risk of the banking sector will also decrease. Capital market should be made the main source of financing for industrialization For the sake of the country, it is necessary to connect the capital market with the main stream of the economy through development
He also said that smart economy is one of the foundations of Prime Minister’s Smart Bangladesh One of its 2 components is Smart Capital Market and Smart Money Market. When the capital market becomes associated with economic development, new products will come into the capital market and transactions will increase. If the smart capital market can be linked with PM development, then the implementation of Smart Bangladesh will be faster and easier.
State Minister for Commerce Ahsanul Islam Titu was present as the chief guest in the event under the chairmanship of DSE Brokers Association President Saiful Islam. Commissioner of Bangladesh Securities and Exchange Commission Professor Dr. was present as a special guest. Sheikh Shamsuddin Ahmed, Professor Dr. Mizanur Rahman and Md. Abdul Halim