Finance Minister Urges Swift Action: Calls for Comprehensive Plans from Stock Market Regulators within 7 Days

In a proactive move to address and enhance the functioning of Nepal's stock market, Finance Minister Barsaman Pun has directed the key regulatory bodies to formulate comprehensive action plans within a week. The three major government agencies integral to the stock market—Securities Board of Nepal, Nepal Stock Exchange Limited, and CDSC and Clearing Limited—have been urged to collaborate with investors, identifying challenges, proposing effective solutions, and outlining strategies for sectoral development.

The Ministry of Finance, under the guidance of Minister Barsaman Pun, dispatched official letters to the aforementioned entities on Sunday, underscoring the urgency of this initiative. The directive specifically instructs these agencies to engage with stakeholders, seeking their perspectives and insights to create a well-rounded action plan. The Finance Ministry emphasizes the pivotal role played by the stock market in the nation's economic development and calls for a collective effort to address existing issues and expedite initiatives for the sector's growth.

The Ministry of Finance has set a concise deadline of 7 days for the submission of these action plans. This swift and decisive approach reflects the government's commitment to fostering a resilient and thriving stock market that aligns with broader economic objectives