Commerce Minister Tipu Munshi on Thursday said that both financial literacy and good business organisations are must to boost investment in the country’s capital market, reports UNB.

He said, the stock market is a crucial sector for the country’s economy, so knowledgeable investors can drive the capital market to be sustainable.

The minister said that more than 50 per cent of money is taken from the capital market in developed economies.

“We don’t have that situation in our country. Loans are taken from banks, which is creating several problems in the banking sector. If even 50 per cent of the money came from the capital market, business and trade in our country are bound to improve,” he said.

A group with vest interest is cleverly defining the country’s political and economic development – spreading rumours and lies and trying to mislead people, the minister said.

Professor Shibli Rubayat-Ul-Islam, chairman of BSEC, attend the function as special guest, while Ziaur Rahman, editor of Arthosuchak presided over the programme.

Bd-pratidin English/Golam Rosul