Revitalising capital market is important: Salman F Rahman

Sun Online Desk

28th April, 2019 01:03:36 printer

Revitalising capital market is important: Salman F Rahman

Salman F Rahman, the prime Minister's adviser on private industry and investment, on Sunday urged stakeholders to find means for long-term financing for the benefit of the local capital market and economic growth, reports UNB.

He also emphasised restoring the confidence of all stakeholders related to country's capital market.

He made the remarks at an international conference jointly arranged by Dhaka Chamber of Commerce and Industry (DCCI) and GuarantCo at Hotel Radission Blu in the capital.

Salman noted that commercial banks utilise short-term deposits to finance long-term projects.

"This has been a fundamental problem in our banking sector," he said.

He also mentioned about capital market crash saying, "All stakeholders retreated to a comfort zone (after major stock market crashes). It has acted as a major impediment for the capital market's growth."

He urged the private sector to come forward with unique initiatives for the development of capital market infrastructure.

"Restructuring and revitalising of capital market is important," he added.