Minister Pun says govt committed to creating business-friendly environment

Kathmandu, May 5: Finance Minister Barshaman Pun has said the government was successful in giving the message of its private sector-friendly moves. The active participation of the private sector in the recently held Nepal Investment Summit also demonstrated the government's friendly gestures to the private sector.     

At a meeting with the representatives of the Revenue Advisory Committee and the umbrella organizations of the private sector at the Ministry of Finance on Sunday, Minister Pun said the government was committed to creating a business-friendly environment for the private sector.     

On the occasion, Minister Pun shared that eight different laws were revised through the ordinance to create an investment-friendly situation.     

The Finance Minister was of the view that a favorable situation would be created if the state and private sector collaborated to end the ongoing economic slowdown.     

"We have presented the private sector in all sessions and closing session of the investment summit. A positive situation has been created from the amendments made in the laws targeting domestic and foreign investors. We have given the message to the entire world that the government is private sector- friendly," according to the Finance Minister.     

Minister Pun argued that the economy will be accelerated by enhancing productivity through the partnership with the private sector and added that the government has taken the policy to ensure competitiveness of the private sector.     

On the occasion, Minister Pun said that the change in the rate of tax would be done by being based on needs and relevance. (RSS)