PM Dahal directs to postpone new stock exchange-related works

KATHMANDU: Prime Minister Pushpa Kamal Dahal has directed to postpone the process of establishing new stock exchange immediately. PM Dahal issued such an instruction considering the fact that questions were raised in the parliament about the bickering of finances for the distribution of permits and the stakeholders about it. Furthermore, the instruction has bearing with the fact that a case related to this matter was sub judice as it is being discussed at Patan High Court. The meeting of the Council of Ministers on Tuesday decided to postpone the process of establishing a new stock exchange, informed Govinda Acharya, PM Dahal's press advisor. The Securities Board of Nepal (SEBON) had taken forward the process of establishing a new stock exchange demanding a letter of intent. At the time when voices were being raised to further strengthen the Nepal Stock Exchange (NEPSE), SEBON had initiated and taken forward the process of setting up a new stock exchange. Three groups had submitted the letter of intent for new stock exchange and their applications were being reviewed. PM Dahal then summoned Minister for Finance Prakash Sharan Mahat, Chief Secretary Shanker Das Bairagi among others and instructed them to halt the process immediately, according to press advisor Acharya. By RSS READ ALSO:

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