Will be some incentives for share market in budget: Muhith
Finance Minister Abul Maal Abdul Muhith said, there will be some incentives for share market in the forth coming budget. The initiative is being taken to make a developing share market as a source of long term investment.
He said this at a program at a hotel in the capital on Thursday.
An indecisiveness situation of hope and disappointment creates every year before the month of June comes. Investors become inquisitive whether there is anything new for share market development in the new budget or the Finance Minister will deliver the old rhetoric. They are waiting at present to hear the answers.
There are many reforms after the 2010 share market debacle. Finance Minister, Stock Exchange chairman and other regulatory organizations officials are telling like this.
The biggest success is 25 percent strategic ownership selling of Dhaka Stock Exchange (DSE) to China.
Market analysts said, this is a rare event in the history of share market. A new dimension will add not only in the share market but also for overall economy if the opportunity is utilized.
Finance Minister said, there is a good opportunity for investing in the share market in the long run, emphasize will be given for the share market in the next budget and there will be some directions.
He said, long term investment is necessary for the overall development of the country even for the economic development. The government has taken different plans to achieve this target.
When the Finance Minister is talking about share market, at that moment the downward tendency of shares in Dhaka Stock Exchange is going on.
In the program National Board of Revenue (NBR) Chairman Mosharraf Hossain Bhuiyan said, it needs reforms and tax incentives for financial institutions to attract local and foreign investment.
Speakers in the program emphasized on discipline in banking sector, political stability, bank loan with less interest and to look at the share market for increasing development.