Prime Minister Balen Shah Pledges to Resolve Capital Market Issues

Kathmandu. Prime Minister Balen Shah has pledged to resolve the problems seen in the capital market and securities business.

Interacting with stakeholders and individuals from the capital market and securities business sector at Singh Durbar on Monday, Prime Minister Shah stated that work is being done to systematize the capital market and securities business, and pledged to resolve the problems seen in this sector.

He committed to calling a meeting of the concerned bodies to implement the legitimate demands of the businesspersons. Instead of forming a new committee to solve the problems in the capital market and securities business, the concerned bodies themselves will expedite the work, Prime Minister assured, informed Priyaraj Regmi, a share broker, capital market expert, and chairman of the Capital Market Committee under the Federation of Nepalese Chambers of Commerce and Industry, who participated in the discussion.

During the discussion with the Prime Minister, they suggested measures such as boosting investor morale, balancing the market by increasing demand alongside the increased supply, clarifying tax issues and implementing a system of collecting tax only after adjusting losses, and the central bank creating necessary regulations for margin lending through brokers, Regmi said.

Similarly, during the discussion, participants also suggested restructuring the stock exchange to make it technology-driven and create an environment for highly skilled manpower. They also suggested that the Securities Board review and improve the 10-share policy and arrange for IPOs to be brought through book building process via qualified institutional investors.

Officials from bodies including the Securities Board, Nepal Stock Exchange, and Stock Brokers Association of Nepal were present at the discussion.