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He said, “The commission will ensure overall market development while safeguarding investor interests.” Maqsood also said efforts are ongoing to bring fundamentally strong companies to the capital market.

Tapan Chowdhury, chairman of the Central Depository Bangladesh Limited and managing director of Square Group, said regulators must assess whether IPO funds are used properly and whether they genuinely benefit the company or project.

He noted that many large and reputed groups in the country have highly ambitious projects, and merely relying on the group’s reputation should not justify using IPO proceeds to repay loans for such projects.

Abdul Hai Sarker, chairman of the Bangladesh Association of Banks, said a strong and developed capital market is an effective solution for maintaining competitiveness in the global market and ensuring economic growth.

He called for the proper development and expansion of the market.

Mashrur Arefin, chairman of the Association of Bankers Bangladesh, said companies should have an opportunity to restructure capital by repaying loans taken for productive or expansion purposes using IPO funds.

Considering the country’s economic conditions and various crises, he said loans that have not been rescheduled more than twice could be allowed under such provisions, while maintaining appropriate control mechanisms.

Kamran T Rahman, president of the Metropolitan Chamber of Commerce and Industry, Dhaka, said, “In the country, short-term deposits are being used to finance long-term investments. This practice should be discouraged, and long-term financing should be ensured through the capital market. To achieve this, policy and regulatory alignment are necessary.”

AKM Habibur Rahman, chairman of the Chittagong Stock Exchange, Saiful Islam, president of the DSE Brokers Association of Bangladesh, and senior BSEC officials also attended the meeting.