Finance Minister Swarnim Wagle has reassured investors that there is no need for panic despite recent concerns surrounding Nepal’s share market.
Speaking at a meeting with officials from the Society of Economic Journalists–Nepal (SEJON) on Monday, Wagle stated that actions creating unnecessary fear in the market are unjustified. He clarified that the government will only take legal action against those engaged in unethical practices, while continuing to promote the stock market as a model of digital advancement.
“The share market in Nepal is more organized and transparent than many other sectors,” 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.”
The minister added that any cases involving insider trading, manipulation, or other illegal activities will be handled strictly under existing laws.
He further noted that reforms are underway based on the Nepal Stock Exchange restructuring report, assuring investors that positive developments can be expected soon.
Wagle also emphasized that the government is prioritizing efforts to remove Nepal from the Financial Action Task Force grey list and is conducting asset-cleaning investigations only when supported by strong evidence.
“Our intent is not to target any individual or institution unfairly,” he said. “We follow an open-market economic policy — which is not the same as a laissez-faire economy,” stressing that all legal actions will proceed through the courts rather than political influence.
