‘Capital market needs to attract real sector firms’

Kathmandu, January 14

Finance Secretary Shankar Prasad Adhikari has urged Nepal Stock Exchange (Nepse) — the sole secondary market of the country — to encourage real sector companies to join the capital market.

Citing that without a strong representation of real sector companies the capital market will not be able to expand as expected, the finance secretary stated that the Nepse

and other concerned agencies should do their best to attract real sector companies to the capital market.

“Currently, the financial sector has a major stake in the secondary market and it is time now to attract the real sector companies. Without the presence of real sector firms the capital market cannot grow,” Adhikari stated.

“The finance ministry is also ready to provide support to allow investment of non-resident Nepalis in the capital market,” he added.

Speaking on the 25th anniversary of Nepse, Revenue Secretary of the Ministry of Finance Shishir Kumar Dhungana, stated that the government is ready to facilitate Nepse and other agencies for further progress. “You should come with real problems to the ministry and we will always be ready to provide facilitation on the issues,” he said.

Similarly, Chandra Singh Saud, general manager of Nepse, informed that the fully automated trading system will be implemented soon.

“We are very close to implementing the fully automated trading system. This will be an important shift in the trading system,” Saud informed.