Office of the Prime Minister and the Council of Ministers. (File photo)
KATHMANDU: The government has decided to stop the stock exchange license distribution process for the time being.
The government has taken this decision when the Securities Board is speeding up the license distribution process for new stock exchanges.
According to the Prime Minister’s secretariat, the Cabinet meeting held on Tuesday decided to stop the license distribution process for the new stock exchange and the Ministry of Finance has been directed not to implement it.
The Prime Minister’s Secretariat informed that the government is preparing to proceed with further studies.
The license distribution process for the new stock exchange was earlier stalled following a case in the Supreme Court.
After the Supreme Court ordered that it could not be stopped, the board proceeded with the process rapidly.
The government’s decision to stop the process came at a time when three people have already applied for the new stock exchange.