Finance Minister orders Security Council and NEPSE to improve capital market

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Finance Minister orders Security Council and NEPSE to improve capital market

Finance Minister Janardan Sharma. (File photo)

KATHMANDU: Finance Minister Janardan Sharma has asked the Nepal Security Council and the Nepal Stock Exchange (NEPSE) to focus on improving the capital market.

Minister Sharma called on the leaders of NEPSE and SEBON not to allow themselves to be swayed by influence and pressure from anyone in the performance of their respective duties.

Recently, the government had appointed Krishna Bahadur Karki managing director of NEPSE and Ramesh Hamal president of SEBON.

They are made aware of how investment from the general public could be secured and capital market problems resolved.

“The time has come to create an environment where capital market money is spent on mega-projects. Individual money has entered the capital market, which should be capitalized more,” he directed the newly appointed leaders.

Various anomalies such as insider trading, pump and dump and circular activities that posed a threat to the capital were discouraged after he took office, Minister Sharma said.

Similarly, Finance Secretary Madhu Kumar Marasini said new leaders should steer the capital market in a positive way.

Revenue Secretary Krishna Hari Pushkar said the stock market was improving. SEBON Chairman Ramesh Hamal said stock investors need to be knowledgeable by increasing their financial knowledge.

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