Brokers lobbying against agreement to reduce commission

There has always been a ruse on higher trading fee charged in Nepalese capital market. Particularly, brokers' fee charged in trading volume which currently is 0.7% to 1% will be cut down by 50% in near future. If it happens, investors will get some sort of relief from share trading.

Recently, representatives of Ministry of Finance, NEPSE and SEBON held a meeting regarding the issue. As per a dependable source of aarthiknews.com, after a blistering discussion, most of the attendees finally decided to reduce brokers' commission.

In the meeting, SEBON  chairman, Dr. Rewat Bahadur Karki also proposed to reduce commission rate by 25% that NEPSE charge from brokers, though it could not be finalized due to disagreement of Sitaram Thapalia, General Manager of NEPSE. But it has been said that broker's commission will be reduced by 50%.

Meanwhile, brokers are lobbying against the decision and scampering behind higher officials and ministries to prevent the implementation of the such arrangement.