Economy is recovering, Now the share market is gaining momentum: Janardan Sharma

Jun Fri 2022 04:43:26

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Economy is recovering, Now the share market is gaining momentum: Janardan Sharma

Kathmandu .The budget for the coming fiscal year has set a clear blueprint to give a new direction to the country's economy. For the first time, the government has given top priority to agriculture. It aims to reduce imports by 30 percent and increase exports. It has done some strategic work for the expansion and development of the industrial sector. The government says the budget is focused on achieving the goal of socialism assimilated by Nepal's constitution.

I have appointed new people and sent them with clear instructions on how to improve the share market, find out the problems within them and solve them. I have given instructions to the Chief Executive Officer of Nepal Stock Exchange and the Chairman of Nepal Securities Board. I have given clear instructions on how to do the work of book building, how to do other work, how to create other funds, how to develop other structures, how to make the IT sector easier. They are at work. That work is gaining momentum. An environment is being created in which the stock market operates in a systematic manner.

The market has not matured. The means and resources there must be strengthened. The current challenge is moving in a positive direction said Janardan Sharma, I believe the stock market picks up speed and must pick up.