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PM vows to take private sector on board for economic reforms

2024 Feb 25, 22:51,

PM vows to take private sector on board for economic reforms

Kathmandu, Feb 25: Prime Minister Pushpa Kamal Dahal 'Prachanda' has said that the government would take initiative to implement the recommendations offered by the private sector for country's economic reforms.

The PM said so during a meeting with the chiefs of 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 about the government's moves taken for economic reforms while expressing his seriousness to the country's economic status.

During the meeting, PM Prachanda said that the government was working to create enabling environment for business community and added that he was accepting the suggestions offered from the private sector to scale up economic activities.

The chiefs of the three leading organizations of the private sector urged the PM to create favourable environment for business community and suggested that the government should be serious for bringing about economic reforms in the country.

As stated in the press statement, the private sectors' leaders stated that the country's market sector was still not vibrant though the external sector has improved and the factories are running less than 40 per cent of their capacity in an average.

President of FNCCI Chandra Dhakal told the PM that the demand side was slow and the perspective to look at the private sector is unfavorable while the projects are not run unhindered. "The government should get ready to troubleshoot the issues," Dhakal added.

Likewise, CNI President Rajesh Kumar Agrawal said that the business community should get an environment to work freely.

Similarly, NCC Chairman Rajendra Malla the provision of risk weight of real estate and share lending should be reduced to 100 per cent from existing provision of 125 per cent. 

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