KATHMANDU: Finance Minister Janardan Sharma has directed the Securities Board of Nepal (SEBON), and Nepal Stock Exchange (NEPSE) to focus on improving capital market.
At a programme organised in the Ministry of Finance, on Wednesday, to welcome the Chief Executive Officer (CEO) of NEPSE, Krishna Bahadur Karki, and SEBON chairperson Ramesh Kumar Hamal, Minister Sharma asked them not to be swayed by anyone’s influence and pressure while discharging their respective duties. Minister Sharma handed over an 11-point directive to Karki and Hamal in this regard.
Karki was appointed as CEO of NEPSE as per Cabinet decision taken on January 31 while Hamal was appointed chairperson of SEBON on February 17.
They were made aware of how the investment of general public could be made secure and problems of the capital market solved. “Time has come to create environment where money in the capital market is spent in mega projects. Individual’s money had entered the capital market, which should be further capitalised,” he directed the appointed leaderships.
Different anomalies, such as insider trading, pump and dump and circular business which have posed threat to capital have been discouraged after he assumed the office, Minister Sharma asserted.
On the occasion, Finance Secretary Madhu Kumar Marasini viewed that new leaderships have been expected to lead the capital market in a positive way. Revenue Secretary Krishna Hari Pushkar said the share market was improving.
SEBON chairperson Hamal said share investors must be well informed by augmenting financial literacy.
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Published Date: March 3, 2022, 12:00 am
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