Dhaka Stock Exchange (DSE) President Rakibur Rahman has suggested the government to form a company to raise funds from the capital market for the construction of Padma Bridge.
Mr Rahman made the suggestion while speaking at a function organised ahead of a three-day Bangladesh Capital Market Fair 2012 here Saturday. The fair began Sunday.
The fair is being organised to woo the UK-based non-resident Bangladeshis (NRBs) for more investment in Bangladesh's capital market.
"The government should hand over 50 per cent share to the NRBs for building the much-hyped Padma Bridge," he said.
"If 50 per cent share is given to the NRBs, it will satisfy them in two ways; firstly, they will invest out of patriotism and secondly, they will know that they are investing on a profitable project," he added.
The DSE chief observed that the World Bank (WB) and the International Monetary Fund (IMF) lent money on several conditions and said, "We will not remain dependent on others if the share is given to the NRBs."
Mr Rahman also believes it will not be quite handy if government issues bonds for the NRBs instead. "Bonds will not excite the NRBs and they will never buy those bonds on five per cent interests," he added.
Around 200,000 expatriates are currently having beneficiary owner (BO) accounts, he said and felt it is necessary to increase 10 per cent quota for them on opening new BO accounts.
A delegation of the Dhaka Stock Exchange (DSE) led by Mr Rahman is currently visiting London to take part in the fair. The organiser of the fair, London-based CurryLife Events, stated 10 Bangladeshi brokerage houses are taking part in the fair.
Investment experts from these houses are giving advices to the expatriates to invest in Bangladesh and help open BO accounts online.
A similar fair was organised in London in March last year.
Mr Rahman made the suggestion while speaking at a function organised ahead of a three-day Bangladesh Capital Market Fair 2012 here Saturday. The fair began Sunday.
The fair is being organised to woo the UK-based non-resident Bangladeshis (NRBs) for more investment in Bangladesh's capital market.
"The government should hand over 50 per cent share to the NRBs for building the much-hyped Padma Bridge," he said.
"If 50 per cent share is given to the NRBs, it will satisfy them in two ways; firstly, they will invest out of patriotism and secondly, they will know that they are investing on a profitable project," he added.
The DSE chief observed that the World Bank (WB) and the International Monetary Fund (IMF) lent money on several conditions and said, "We will not remain dependent on others if the share is given to the NRBs."
Mr Rahman also believes it will not be quite handy if government issues bonds for the NRBs instead. "Bonds will not excite the NRBs and they will never buy those bonds on five per cent interests," he added.
Around 200,000 expatriates are currently having beneficiary owner (BO) accounts, he said and felt it is necessary to increase 10 per cent quota for them on opening new BO accounts.
A delegation of the Dhaka Stock Exchange (DSE) led by Mr Rahman is currently visiting London to take part in the fair. The organiser of the fair, London-based CurryLife Events, stated 10 Bangladeshi brokerage houses are taking part in the fair.
Investment experts from these houses are giving advices to the expatriates to invest in Bangladesh and help open BO accounts online.
A similar fair was organised in London in March last year.
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