Dhaka, Bangladesh (BBN)– Finance Minister Abul Maal Abdul Muhith is scheduled to sit with the capital market stakeholders Sunday to finalize a special compensation scheme for the small-scale investors for their losses in the market crash in 2011.
The Securities and Exchange Commission Chairman M Khairul Hossain sat with the finance minister on Saturday and discussed the proposals put forward by a compensation committee headed by Investment Corporation of Bangladesh Managing Director Mohammad Fayekuzzaman, the New Age, a local newspaper, reported quoting ministry sources.
The proposals of the committee included 50 percent waiver of the interest on margin loans for the current year and allocation of quota in the upcoming initial public offerings for the investors.
On February 22, the finance minister, after a meeting with the related parties, announced that the government would finalize a compensation package within 10 days.
BBN/SSR/AD-04Mar12-9:50 am (BST)