Share investors demand finance minister to reduce brokers’ commission

Kathmandu: The two capital market investors’ organizations have urged the finance minister to reduce broker commission and tax rates. The Nepal Investors Forum and the Share Investors Association of Nepal jointly met Finance Minister Janardan Sharma on Friday.

Chairman of the Nepal Investors Forum Chhotelal Rauniyar said that seven-point suggestions including reduction of broker commission and reduction of capital gain tax rate have been submitted to the newly appointed Finance Minister.

A joint suggestion was submitted to the minister by Rauniyar, chairman of the Investors Forum, and Uttam Aryal, chairman of the Share Investors Association, reminded that the capital market has contributed more than Rs 14.06 billion to the government in revenue alone in a year.

During the meeting, Finance Minister Sharma said that he has always been positive towards the capital market and its development is a priority of the government. He said that the finance minister also promised to address the legitimate issues raised by the investors.