September 23, 2010
A parliamentary watchdog has recommended that the government float shares of 26 state-run companies on the capital market as soon as possible for the security of the investors.
The parliamentary standing committee on finance ministry at its meeting on Thursday observed that it would seek the prime minister's intervention on the issue, its chairman A H M Mustafa Kamal told reporters.
"The finance minister said that the shares of the 26 state-owned companies would be floated by June (this year), but it did not happen," Kamal told reporters at the parliament's media centre.
He said shares of some companies were over-valued due to a lack of adequate supply of shares.
"It is better to increase flow of shares in the capital market," said the chairman.
Kamal said his committee had termed the market situation "satisfactory". The committee had suggested that the Securities and Exchange Commission (SEC) should create a separate wing for expeditiously informing people about capital market.
Secretary to the Economic Relations Division Mosharraf Hossain, secretary to the banks and financial institutes Shafiqur Rahman Patowari, chairman of the Listed Companies of Bangladesh Salman F Rahman, SEC chairman Md Zaiul Hoque Khandker and officials of the Dhaka Stock Exchange and Chittagong Stock Exchange attended the meeting.
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