Dhaka, May 24 -- The state-owned Investment Corporation of Bangladesh (ICB) is facing severe financial distress, crippled by mounting debt and struggling to meet monthly interest payments exceeding Tk 80 crore. In a bid to restore fiscal stability and re-engage in capital market activities, the institution has proposed the creation of a government-supported investment fund.

An ICB delegation submitted the proposal on Thursday, during a meeting with Dr. Anisuzzaman Chowdhury, Special Assistant to the Chief Adviser at the Ministry of Finance. The meeting focused on ICB's deteriorating financial condition, potential recovery strategies, and broader measures to restore investor confidence in the stock market.

While no final decision was rea...