In a move to stabilize and strengthen the country’s stock market, Chief Adviser Professor Muhammad Yunus has issued five crucial directives. The instructions were given during a high-level government meeting on Sunday at his official residence in Jamuna, Dhaka.
The five directives outlined by the Chief Adviser are as follows:
- Expedite the listing of foreign or multinational companies operating in Bangladesh that have government ownership.
- Encourage large and profitable private sector companies to enter the stock market by offering appropriate incentives.
- Engage an international team of experts to implement essential stock market reforms within three months.
- Take swift action against officials and employees of stock market-related institutions who face specific allegations of irregularities or corruption.
- Create an environment where major companies are motivated to raise capital through the stock market—via bonds or shares—rather than relying solely on bank loans.
This was the first high-level meeting on the stock market held under the leadership of the Chief Adviser since the interim government assumed office last August.
Following the meeting, Press Secretary Shafiqul Alam briefed journalists on the directives. Attendees included Economic Adviser Dr. Salehuddin Ahmed, Special Assistant to the Chief Adviser Anisuzzaman Chowdhury, Bangladesh Securities and Exchange Commission (BSEC) Chairman Khondkar Rashid Maksud, and Financial Institutions Division Secretary Nazma Mobarek.
Experts believe that if implemented properly, these measures will help restore investor confidence and bring long-term stability to the stock market.
