Dhaka, May 12 -- Finance and Planning Minister Amir Khosru Mahmud Chowdhury on Tuesday said the country's financial sector would operate independently, assuring that there would be no political interference in investment and loan allocations.

"The government will not interfere in the financial sector. There will be no political meddling in the investments. This is a clear and firm decision from the government and the Prime Minister," the Minister said while speaking as the chief guest at the launch of the inaugural fund of the Bangladesh Startup Investment Company (BSIC) at a city hotel.

Marking a historic shift in the country's entrepreneurial landscape, 39 commercial banks have jointly launched BSIC, Bangladesh's first institutionally...