Construction Sector Faces Unprecedented Crisis Amidst Soaring Material Costs and Government Pressure

Nepal's construction sector is facing an unprecedented crisis due to soaring material costs, rising fuel prices, and alleged government pressure, leading to a nationwide 'Construction Holiday' by the Federation of Contractors' Associations of Nepal. Entrepreneurs are protesting, demanding price adjustments, non-blacklisting of stalled projects, and deadline extensions, with some entrepreneurs considering migration due to insecurity. The government acknowledges the issues and is positive about addressing demands, but emphasizes that halting work is not a solution.