SBAN welcomes budget

Kathmandu, May 30

Nepal Stock Brokers Association (SBAN) has reacted positively to the budget for Fiscal Year 2026/27.

The brokerage community has interpreted the announcements concerning capital market reforms, a technology-friendly trading system, attracting investment from non-resident Nepalis, and the introduction of modern financial instruments as historic and far-sighted steps, it said in a statement.

President of SBAN Sagar Dhakal said that the budget will make a significant contribution to reforming Nepal's capital market and creating an investment-friendly environment.

"This year's budget appears to recognise Nepal's capital market not merely as a medium for share trading, but as a partner in the development of the national economy. It is extremely positive that the government has prioritised capital market reforms and is emphasising modern financial instruments, investor protection, and market expansion," he said.

The budget has announced the restructuring of the Nepal Stock Exchange (NEPSE), and the phased implementation of intra-day trading, short selling, and derivative instruments.

Dhakal also regarded the budget's announcement to amend legal provisions to enable non-resident Nepalis to participate in the secondary market as a highly significant step.

"If we can attract the capital, experience, and trust of Nepalis living around the world into Nepal's capital market, the size, depth, and stability of the market will increase significantly. The participation of non-resident Nepalis will also strengthen a long-term investment culture," he said.

SBAN noted that the decision to make the capital gains tax applicable to the sale of shares of listed companies the final tax would remove tax-related uncertainty for investors.

According to it, transparency, governance, and regulatory capacity are essential for maintaining the credibility of the market. The government's firm policy against irregular activities will further increase the confidence of genuine investors.

Published in The Rising Nepal daily on 31 May 2026.