, March 8 -- The government is moving toward a sustainable, investment-driven economic model by encouraging entrepreneurs to raise capital from the stock market rather than relying solely on bank loans, said Rashed Al Mahmud Titumir, Advisor to the Ministry of Finance and Planning.

Speaking as the chief guest at a seminar titled "Challenges and Actions for the New Government in the Capital Market," organized by the Capital Market Journalists' Forum (CMJF) at a city hotel on Sunday, the Advisor noted that the upcoming national budget will include specific steps for economic reform and transformation.

Titumir emphasized that the previous "consumption-led" economic model was unsustainable.

"We want to move from a debt-dependent economy to...