KATHMANDU: The private sector of the country has hailed the agreement reached among the four major political parties on Monday and said it will pave the way for the promulgation of the constitution from the Constituent Assembly.

Ending all the constitutional debates, the commitment made by political parties to deliver the constitution has conveyed a positive message to the investors, said the press statement issued by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) — the largest umbrella body of the private sector, today.FNCCI also expects the major political parties to be able to convince all the forces that are opposing this accord, so that the constitution can be delivered at the earliest.

The Nepali economy is in the doldrums due to the devastating earthquake of April 25 and the powerful aftershocks.

The country will need billions of rupees for the rehabilitation of earthquake victims and economic recovery. Apart from this, the country needs to generate more employment within the country by attracting more investment.

In this regard, political stability can encourage domestic and foreign investors to invest in the country, according to FNCCI. “The new constitution should guarantee economic freedom as a fundamental right of the citizens,” the statement adds.

Similarly, Nepal Chamber of Commerce (NCC) has said that the private sector is encouraged with the agreement reached among the political forces that is expected to end the decade-long political transition through the delivery of the new constitution.