KATHMANDU, April 6: Finance Minister Dr Swarnim Wagle has reassured investors that there is no reason to panic despite recent concerns in Nepal’s share market.
Speaking during a meeting with officials from the Society of Economic Journalists–Nepal (SEJON) on Monday, Dr Wagle clarified that actions creating unnecessary fear in the market are unwarranted. He emphasized that the government intends to take legal action only against those involved in unethical activities, while promoting the stock market as a model for digitalization.
“The share market in Nepal is more organized and transparent than many other sectors,” Dr Wagle said. “With a paperless system, bank-mediated transactions, direct dividend deposits, clear taxation, and full traceability of buyers and sellers, the market is highly reliable.”
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The minister added that any instances of insider trading, manipulation, or other illegal practices will be dealt with under existing laws.
He further assured that market reforms are underway based on the NEPSE restructuring report and highlighted that investors should expect positive developments in the near future.
Wagle also noted that the government is prioritizing removing Nepal from the Financial Action Task Force (FATF) grey list and is strictly pursuing asset-cleaning investigations only when backed by indisputable evidence.
“Our intent is not to target any individual or institution unfairly. We follow an open-market economic policy — which is not the same as a laissez-faire economy,” he said, stressing that all legal enforcement will proceed through the courts rather than being politically motivated.
