“We will initiate discussions with Nepal Rastra Bank, Securities Board of Nepal, Nepal Stock Exchange and other stakeholders concerned on Monday to come out with a solution to rejuvenate the slumping stock market,” Finance Secretary Rameshwor Kahal told the investors at a meeting on Thursday.[break]
The stock market investors have launched a strike this week, bringing transactions to a complete halt at Nepse in a bid to compel the government to meet their 22-point demand.
During the meeting, Khanal told them that the ministry would not be able to meet their demands related to capital gain tax (CGT) and PAN. “As for the other issues, we can have agreement in writing,” he said. Khanal added that the ministry would be eager to take any decision that would bring life to the market.
However, investors said they would not withdraw their strike till the government actually met their demands.
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