Dhaka, June 3 -- Bangladesh Securities and Exchange Commission (BSEC) Chairman Khondoker Rashed Maksud on Tuesday welcomed the proposed budget, saying it reflects the government's sincere and constructive approach to capital market development by giving due emphasis on crucial sectoral issues.

In a written statement in response to the new budget, Rashed Maksud said Chief Adviser Dr Muhammad Yunus' five-point directives over the capital market were prominently incorporated in the budget speech delivered by Economic Adviser Dr Saleh Uddin Ahmed.

Among these directives were the direct listing of multinational companies in the capital market and the enlistment of strong, fundamentally sound local companies.

In addition, the directives call...