NBR chairman urges stakeholders to work on restoring trust in stock market

National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan on Monday urged the stakeholders to rather work on restoring good governance and trust in the stock market.

He said that the public does not trust the stock market and this trust cannot be restored only with tax benefits.

"Listing weak companies on the market is the main cause of this lack of trust. Ordinary investors have lost their capital by investing in these weak companies," he said during a private discussion with stock market stakeholders at NBR Bhaban in the capital's Agargaon.

The NBR chief said investors' trust must be restored in the stock market by listing good companies. "Until this happens, no tax benefit will work," he added.

"Many tax benefits have been provided until now. But none have worked," he said.