Dhaka, July 29 -- Posts, Telecommunications and Information Technology Minister Faqir Mahbub Anam on Wednesday directed mobile financial service (MFS) provider Nagad to become a more profitable, transparent and competitive institution, dismissing recent media reports claiming it is being sold for Tk 1,500 crore as "baseless rumours."

He urged journalists to verify information with the relevant authorities before publishing such reports. "We are a transparent government, and our doors are always open for journalists," he said while speaking at a programme at Dak Bhaban in Agargaon.

At the programme, Nagad handed over a cheque for Tk 18.57 crore to the Directorate of Posts as its revenue share under an agreement between the two organisati...