KATHMANDU, FEBRUARY 25
Prime Minister Pushpa Kamal Dahal has stated that the government would take initiatives to implement the recommendations offered by the private sector for the country's economic reforms.
The PM made these remarks during a meeting with the chiefs of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI), Confederation of Nepalis Industries (CNI), and Nepal Chamber of Commerce (NCC) on Sunday.
Issuing a joint statement, the three umbrella organizations of the private sector stated that the PM shared the government's moves taken for economic reforms while expressing his seriousness about the country's economic status.
During the meeting, PM Dahal mentioned that the government was working to create an enabling environment for the business community and added that he accepted the suggestions offered by the private sector to scale up economic activities.
The chiefs of the three leading organizations of the private sector urged the PM to create a favorable environment for the business community and suggested that the government should be serious about bringing about economic reforms in the country.
As stated in the press statement, the leaders of the private sector stated that the country's market sector was still not vibrant, although the external sector has improved and the factories are running at less than 40 percent of their capacity on average.
President of FNCCI, Chandra Dhakal, informed the PM that the demand side was slow and the perspective to look at the private sector was unfavorable, while projects were not running unhindered. "The government should be ready to troubleshoot the issues," Dhakal added.
Likewise, CNI President Rajesh Kumar Agrawal emphasized that the business community should have an environment to work freely.
Similarly, NCC Chairman Rajendra Malla suggested that the provision of risk weight for real estate and share lending should be reduced to 100 percent from the existing provision of 125 percent.
