PM Oli pledges policies to boost private sector and drive investment

KATHMANDU: Prime Minister KP Sharma Oli has said the government will adopt policies to boost the morale of the private sector and encourage investment.

In a meeting on Tuesday with the office-bearers of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Prime Minister Oli stated that the development of the country is not possible without the promotion and expansion of private sector and made it clear that the new government will adopt a policy to facilitate and encourage entrepreneurs.

According to a press statement issued by the FNCCI, Prime Minister Oli expressed the commitment to take special initiatives for the advancement of the private sector as it is essential to improve the economy.

Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel was also present at the meeting.

On the occasion, the delegation led by FNCCI President Chandra Prasad Dhakal said that the regulatory bodies related to business and enterprises needed to coordinate with each other and encourage investment.

The delegation proposed the establishment of an Economic Reforms Commission or a similar mechanism, with the Prime Minister’s leadership, to address economic challenges effectively.