, Oct. 1 -- Finance Minister Amir Khosru Mahmud Chowdhury on Thursday stressed the need for transforming Bangladesh's capital market into an institutional-based and fully paperless market, with the Investment Corporation of Bangladesh (ICB) becoming a market-driven, competitive and professional institution.

"ICB has to play a role in transforming Bangladesh's capital market from a retail-based market into an institutional-based market," he said while addressing an event marking the golden jubilee and anniversary of ICB.

The finance minister said ICB was established through an ordinance with the objective of developing a free-market economy and a market-based capital market in Bangladesh.

He said the corporation was also intended to cha...