Upcoming Monetary Policy Aims to Revitalize Nepal's Share Market, Says Finance Minister Pun

During a recent session in the House of Representatives, several MPs posed questions to Finance Minister Barshaman Pun regarding the current state of Nepal's share market. Concerns were raised over the lack of provisions in the budget for FY 2081/2082 aimed at alleviating issues in the share market. Investors have found their capital tied up, and there was noticeable apprehension about the absence of government interventions to address these challenges.

The session also touched on the appointment of the Chairman for the Securities Board of Nepal. Finance Minister Pun clarified that the selection committee is required to recommend at least three candidates to the Council of Ministers, as stipulated by Sub-section 4 of Section 7 of the Securities Act. However, since three out of the five shortlisted candidates did not attend the interview, it is legally impractical to proceed with the recommendation of only the two attending candidates.

Despite these challenges, Finance Minister Pun provided a positive outlook, affirming that a new monetary policy aimed at stimulating the stock market is on the horizon. The Ministry of Finance is actively coordinating with Nepal Rastra Bank (NRB) to develop this policy. The forthcoming monetary policy is expected to bring much-needed ease and excitement to the share market, reflecting the government's commitment to revitalizing investor confidence and fostering a more proper financial environment.