Published:  08:35 PM, 14 March 2019

Look to bond market as new centre of raising capital: Finance Minister

Look to bond market as new centre of raising capital: Finance Minister
Finance Minister AHM Mustafa Kamal on Thursday said that Bangladesh would be free of poverty after 2030.

The minister said this while speaking at an annual conference of Agrani Bank Limited held at hotel InterContinental Dhaka in the capital. "The banking sector of the country is in a poor state. We have to bring glamor in the sector.

Poverty must be chased away from the country. If we all assist Prime Minister Sheikh Hasina than we never fail. Employment will be created in every family within a short time," he also said.

The minister added that the honest traders will get more facilities. More default loans cannot be allowed. So he asked lenders to be conscious about giving loan. Long-term loans cannot be given accepting short-term deposits. He also stressed the importance of looking to the bond market for raising capital now, outside the traditional banking system.
 "Tax net should be increased for development of the country, not to raise tax amount," the finance minister said.

Dr. Zaid Bakht, chairman of Board of Directors of Agrani Bank presided over the function while Bangladesh Bank governor Fazle Kabir was present as special guest.



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