२६ कार्तिक २०८३, बिहिबार

NEPSE has guided the economy: Finance Minister

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Kathmandu, Jan 14 (RSS): Finance Minister Gyanendra Bahadur Karki has said NEPSE, which is the only agency transacting in stocks, has played an important role in guiding the overall economy of the country.

Addressing a programme organized to mark NEPSE’s 25th anniversary and silver jubilee function here on Saturday, he urged NEPSE to pay attention to institutional good governance and transparency.

Stressing on the need of making NEPSE more competitive, the Finance Minister directed it to pay special attention in areas as capacity enhancement, use of new technology and providing customer-friendly services. He also underlined on diversifying the NEPS’s services.

Finance Secretary Shankar Prasad Adhikari said though it was encouraging that the capital market touched Rs 190 billion in terms of transactions in the Fiscal Year 2016/17, there were many areas for improvement compared to the capital markets of other countries.

He stressed on further expanding the capital market and bringing in the investment of Non Resident Nepalis in this sector.

Revenue Secretary Shishir Kumar Dhungana spoke of the need of making the market systematic and transparent as well as bringing the small capital into the market.

Chairman of Securities Board of Nepal (SEBON), Dr Rewat Bahadur Karki said that investment can be made in the capital market from all the 77 districts across the country through the use of technology in the capital market.

NEPSE chairman Laxman Neupane and Chief Executive Officer Chandra Singh Saud said NEPSE was thinking of expanding the capital market by implementing the online trading system.