Finance Ministry Forms Four-Member Capital Market Reform Task Force Led by Rupesh KC

Kathmandu, September 19, 2025 — Finance Minister Rameshwar Khanal has formed a four-member task force to address challenges in Nepal’s capital market. On Friday, he announced the formation of the committee under the leadership of Rupesh KC, Acting Executive Director of the Securities Board of Nepal (SEBON).

The move comes a day after the stock market reopened following more than a week-long closure due to the Gen Z movement, only to plunge by 160 points on Thursday. Concerned by the sharp fall and shaken investor confidence, the Finance Minister opted for immediate intervention.

The task force includes KC along with Sharan Adhikari, Director at Nepal Rastra Bank; Niranjan Phuyal, Acting Executive Director of Nepal Stock Exchange (NEPSE); and Sharad Nirola, Undersecretary at the Ministry of Finance, who will also serve as the member-secretary.

According to Joint Secretary and Spokesperson of the Finance Ministry, Tank Prasad Pandey, the task force has been mandated to study anomalies and problems in the capital market and recommend systemic and procedural reforms to boost investor confidence. The committee must submit its recommendations and an actionable implementation plan within five days.