Seven govt organisations to come in stock market soon: Finance Minister
Publish- February 02, 2020, 11:23 PM
UNB NEWS - UNB NEWS
Finance minister AHM Mustafa Kamal. File photo
Finance minister AHM Mustafa Kamal on Sunday said a total of seven state-owned enterprises, all of them in the energy and power sector, will be selling stake soon in the country’s capital market.
“There are needed further many government companies to flourish the capital market,” the minister said this while talking to journalists in a view exchange meeting with them at his Agargaon office in the capital.
The companies are -- Titas Gas Transmission and Distribution Company Ltd (TGTDCL), Power Grid Company of Bangladesh (PGCB), Northwest Power Generation Company Limited, Electricity Generation Company of Bangladesh (EGCB) Ltd, Ashuganj Power Station Company Ltd, BR Power Generation Company Limited and Gas Transmission Company Limited.
Kamal said the organisations have been given two months.
“They will inform us to scrutinise their assessments. In this regard, the government organisations will assess through privates companies and the private companies will assess their assets by audit firms. We want the government’s more organisations to bring in stock market in a short time,” the minister also said.
Talking about the conference of Bangladesh Development Forum 2020 (BDF-2020), the minister said Bangladesh’s development partners have promised to give around $4.25 billion. Of them, the development associate organisations will provide $1.2 billion as grant for adaptation the impact of climate change here that will be delivered in the next four years.
“World Bank will provide $350 million dollars as grant to develop living standards of Rohingyas and local people of the camps surrounding areas. Besides, Japan International Cooperation Agency (JICA) promised in the BDF-2020 to give $2.7 billon loans to implement six projects in Bangladesh,” Kamal also said.