Investor’s association of Nepal published a joint press release on removal of new CGT mechanism; market reacts positively on the news, hence gains 13.91 points.

After a strong “no trade” movement by the investor, the government had withdrawn a proposed tax imposition on bonus & right share by keeping their cost price at par value.

Today, the meeting was held, between the government officials and investor’s organization at MoF and later in the meeting, the government agreed on removal of new CGT mechanism and replacement of same with the old Capital Gain Tax (CGT) system.  

In the press release, investors’ association of Nepal has thanked all investors for supporting the movement and pledged to remain united.