Bangladesh, Jan. 21 -- The 'Bangladesh Road Transport Corporation Bill, 2020' was introduced in parliament on Monday to offload 49 per cent of its shares in the capital market.
Road Transport and Bridges Minister Obaidul Quader placed the Bill in the House and it was sent to the respective parliamentary standing committee for further examination. The Committee was asked to submit its report within 14 working days.
According to the proposed law, the government will own 51 per cent shares while 49 per cent will be offloaded for the public.
The bill was placed to update an ordinance promulgated in 1961 keeping a provision to offload the shares of BRTC in the capital market.
The authorised capital of the BRTC will be Tk 1,000 which will be ...