By A Staff Reporter, Kathmandu, Jan. 15: Prime Minister KP Sharma Oli said on Tuesday that the government was aware that the economic prosperity was not possible by keeping the private sector in frightening mentality.

The Prime Minister made this remark Tuesday evening during a meeting with a delegation of Nepal Chamber of Commerce (NCC) and representatives of district chamber of commerce gathered in Kathmandu.

Stating that the government was concentrating on nation building campaign, Prime Minister Oli urged the business community representatives to provide maximum support to the government from their respective sectors.

Highlighting the positive improvements seen in the economy, he said that the government was effortful to address various problems faced by the private sectors.

The Prime Minister also urged businessmen to curtail unnecessary expenses and mobilise idle assets in productive and employment generating investments.

“The government is the facilitator of entrepreneurs and traders; however, the private sector should maintain their honesty in their business,” PM Oli said.

Prime Minister Oli said that creation of problems was obvious when there was structural transformation and the government was making honest efforts to address problems in various sectors.

The Prime Minister expressed doubt that the positive sides of government’s works were not disseminated properly.

The delegation of the chamber led by NCC president Rajesh Kaji Shrestha informed the Prime Minister about the prospects of Nepalese commerce sector and activities of the chamber.

NCC president Shrestha said that economic decentralisation adopted with the political decentralisation caused an increase in the business cost.

He said that the increase in tax rate would adversely affect the consumers as it would result in the increase of prices of goods and services in the market.

He said that there should be only the financial punishment to the cases of financial crimes and recording of assets should be made to increase the investments.