Is the Nepalese Stock Market Poised for Growth? Stock Brokers Demand Implementation of Capital Market Reforms!
The Stock Broker’s Association of Nepal (SBAN) is celebrating the recent report submitted by the Capital Market Reform Task Force and is strongly advocating for its immediate implementation. This task force, formed under the direction of Finance Minister Rameshwar Khanal, aims to introduce crucial changes to the Nepalese capital market.
Finance Minister Khanal instructed the formation of the task force, led by Rupesh KC, Acting Executive Director of the Securities Board, to propose recommendations for improving the capital market.
Following the report’s submission, Minister Khanal has already issued directives to key bodies including the Securities Board of Nepal, Nepal Rastra Bank, and the Nepal Stock Exchange (NEPSE). SBAN is now urging these institutions to promptly put the suggested reforms into action to bolster the stock market.
According to Sagar Dhakal, President of the Stock Brokers Association of Nepal, Finance Minister Khanal’s proactive approach toward sustainable development and reform in the capital market could mark a significant turning point for the Nepal stock market. The association believes these changes are vital for long-term market stability and investor confidence. The move is expected to create more opportunities for stock trading and investment in the country, contributing to the overall economic growth of Nepal. Market analysts predict a positive upturn in NEPSE if the reforms are implemented effectively.
