‘Govt to move ahead with private sector friendly policy, operate business with confidence’

english.nepalnews.com · 1 day ago

Prime Minister Balendra Shah’s political adviser, Asim Shah, assured the business community that the government is adopting a private sector-friendly policy and urged them to operate with confidence. He stated that economic development is impossible without private sector collaboration and clarified that legal actions are taken only against those involved in serious criminal activities, not targeting specific businesspersons. The government is preparing a private sector-friendly budget, aiming to streamline administrative procedures through a 'one-stop system' and improve policies related to production, investment, industry, and business. The private sector is expected to be involved in projects through 'BOT' and 'PPP' models, with potential tax exemptions and facilities. Business representatives suggested granting constitutional recognition to the private sector as a key economic partner and simplifying investment approval processes.