Finance Minister Amir Khosru Aims for Stock Market Revolution

Finance and Planning Minister Amir Khosru Mahmud Chowdhury announced that the implementation of this strategy will trigger a revolutionary shift in the stock market, directly bolstering industrial investment, production, and export growth. The Member of Parliament for Chittagong-11 made these remarks during his first visit to his hometown since assuming the role of Finance Minister. He acknowledged that current economic indicators are at a concerning level, characterized by declining investment and employment alongside rising poverty. To navigate this crisis, he emphasized the necessity of increasing capital imports for the private sector and ensuring easier access to credit.

Regarding the stock market, the Minister noted that temporary surges in indices do not reflect the true health of the market. Instead, he advocated for legislative reforms to create an environment that attracts high-quality shares and restores the confidence of retail investors. Looking ahead to the upcoming budget, he expressed his resolve to break traditional patterns by establishing a participatory and equitable economic framework. He stated firmly that the politics of patronage, which previously allowed a select few to benefit at the expense of the public, will no longer be tolerated. The primary objective of the new budget will be to deliver economic benefits directly to the grassroots level. During his visit, the Minister also met with stakeholders to streamline operations at the Chittagong Port, following a warm reception by a large number of supporters upon his arrival.