Dhaka, June 18 -- The government is considering issuing Shariah-based Sukuk bond in favour of the state-owned Bangladesh Services Limited (BSL) for helping settle its existing debt liability.

The BSL, which is a public limited company and engaged in hospitality business, is liable to pay a huge amount of debts, according to officials.

To this effect, the Finance Division is set to send a proposal to the central bank for conducting a feasibility study on issuance of such bond.

The decision was taken at a meeting of the Ministry of Finance last month (May), according to the official sources.

The meeting observed that the BSL is now on the verge of bankruptcy as commercial activities have been hampered severely for want of funds.

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