Dhaka, Sept. 2 -- The Cabinet on Monday approved the draft of 'Bangladesh Road Transport Corporation Bill, 2019' to offload 49 percent share of the corporation in the capital market.

The approval came at the Cabinet meeting held at the Bangladesh Secretariat with Prime Minister Sheikh Hasina in the chair.

"It has been defined in the bill that the government will own 51 percent shares while 49 percent will be offloaded for the public," said Cabinet Secretary Mohammad Shafiul Alam while briefing reporters after the meeting.

The bill was placed to update an ordinance promulgated in 1961 keeping a provision to offload the shares of BRTC in the capital market, he said.

In the bill, a new provision has been incorporated among the functions ...