KATHMANDU, MAY 29
The government has decided to make reservations for Nepalis living abroad for foreign employment in the subscription of share issuance in the primary market.
Finance Minister Janardan Sharma while presenting the budget of the 2079/80 fiscal year in the parliament today, announced that a 10 per cent reservation will be ensured in the primary shares of the company which will be open for expulsion and sale for Nepalis in foreign employment.
In the same manner, Minister Sharma also informed that laws to open investment of non-resident Nepali in NEPSE will be formulated.
"The structure of the stock market in the secondary market will be made more competitive. Meanwhile, the rights of general and small scale investors will be protected by minimizing the potential risks by expanding and diversifying the capital market", assured Sharma.
