Bangladesh, Dec. 5 -- Stock brokers have submitted a work-plan for investment of Tk 100 billion funds, sought earlier from the government, to support the country's ailing capital market.
They submitted the work-plan to the ministry of finance (MoF) on Wednesday, as the ministry demanded a plan following their plea of fund support for the capital market.
On October 24, around 20 stock brokers, including Dhaka Bank Securities and EBL Securities, submitted a proposal to the MoF, seeking Tk 100 billion from the government. They sought the fund at a flat interest rate of 3.0 per cent.
Talking to the FE, the stock brokers said their work-plan includes details on utilising the government's fund.
"The brokers will invest the fund in shares of t...