Nepal Investors Forum Submits Letter of Demand to Ministry of Finance regarding overall development of stock market; assures secure future of investors in stock market

Nepal Investors Forum (NIF) has submitted a letter to Ministry of Finance restating different works to be done by the Ministry of Finance for the overall development of the stock market of Nepal yesterday (Falgun 28, 2074). Due to the recent continuous decrease in share market, the investors have been financially as well as psychologically affected. The main reason for the decline in share market is the unresponsiveness of the related authorities towards the demands of NIF for the development and expansion of the share market, reads the press release. The press release further assures the secure future of the share market as the successful implementation of C-ASBA, the technological advancement and allotment of IPO issues within few hours, the increasing number of mutual funds and institutional investors in the market, the soon-to-be operating online transaction system, the increment in the business and earnings of the listed companies a well as the upcoming increment in market liquidity due to increase in capital expenditures prove the same. The following is the Press Release by Nepal Investors Forum after submission of the demand letter to the Ministry of Finance. The following is the Demand Letter by the NIF on behalf of overall investors to the Ministry of Finance.