DSE, DBA applaud PM’s directive to list govt cos in capital market

The Dhaka Stock Exchange (DSE) and the DSE Brokers Association (DBA) have congratulated and thanked Prime Minister Sheikh Hasina for directing government companies to be listed in the capital market.

The prime minister issued the directive during the meeting of the Executive Committee of the National Economic Council (Ecnec) last Thursday.

Describing this directive as timely and positive, Dr Hafiz Muhammad Hasan Babu, chairman of DSE, said that aside from enhancing the dynamics of the capital market, it will also contribute to attracting foreign investment and fostering the sustainable development of the capital market.

A notification issued by the DSE said that despite numerous efforts, the stock exchange could not list government institutions in the capital market. Finally, the prime minister directed the government institutions to register with the aim of revitalising and broadening the economy.

Hafiz Muhammad Hasan Babu said, “If this directive is implemented, reputable companies will be listed in the capital market. This will benefit the country’s capital market and economy. Investor confidence will also increase with government companies in the capital market.”

Meanwhile, a notification released by the Dhaka Stock Exchange Brokers Association (DBA) described the prime minister’s directive as very positive and timely for the capital market.

DBA President Saiful Islam said that if this directive is implemented, the country’s capital market, as well as the overall economy, will accelerate.

He expressed hope that the instruction to establish a smart capital market would be promptly implemented, with its impact evident in the country’s economy, including the capital market.

He assured of providing necessary support to the relevant government departments, along with market regulatory organisations, in executing the directive.

 

Source: The Business Standard

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Iram Hoque

Mohd. Iramul Hoque (Iram) completed his bachelor’s degree in Industrial Engineering in 2018 from Purdue University.

He joined Deloitte Consulting LLP as a Consulting Analyst based out of New York City having previously worked in similar roles at PricewaterhouseCoopers LLP & Landis+Gyr.

Iram left consulting and returned to Bangladesh to take up the family business. Realizing the opportunity in the capital market in Bangladesh, Iram worked relentlessly to found Columbia Shares & Securities Ltd in 2021.

Md Saiful Hoque

Md. Saiful Hoque received his bachelor’s degree in Civil Engineering from Columbia University in 1986 followed by a master’s degree from Texas A&M University in 1988. Upon completion of his Graduate Degree, he joined Gulf Interstate Engineering Company in Houston, USA serving as a Project Engineer.

He returned to Bangladesh in 1992 to join Columbia Enterprise Ltd., the family business of Shipping and Freight Forwarding services. In addition, he has built flourishing businesses manufacturing Garment’s Accessories and Fast-Moving Consumer Goods.