Private sector urges accelerated economic growth through wealth creation and legal reform
-
Media Baaji
- Sun, 3 May 2026
Kathmandu: Birendra Raj Pandey, President of the Confederation of Nepalese Industries (CNI), said that the private sector is encouraged by the current stability seen in the country’s economic system. He stressed that since such stability is a rare opportunity, it should be used to build capital and increase production.
According to him, there is a need in society to understand and evaluate “wealth creation” differently from “income generation.” Noting that the private sector’s total fixed capital formation in Nepal is on a declining trend, he said a social environment that encourages and respects wealth creation must be developed.
President Pandey also said that the existing “crisis of trust” between the public and private sectors must be resolved and an environment for cooperation strengthened. Stating that Nepal should also adopt the industrial development strategies followed by developed countries, he urged the removal of outdated legal obstacles.
Express
Related News
NEPSE decreased by 37.63 points throughout the week, how much is the transaction on which day?
Kathmandu. This week, NEPSE index decreased by 37.63 points and reached 2671.07 points. NEPSE, which closed last week at 2708.70 points, decreased by 37.63 points to 2671.07 points this week. The market was open on all five trading days this week....
NEPSE increased by 8.81 points, turnover of 3.72 billion
Kathmandu. On the last trading day of the week, the stock market increased by 8.81 points on Thursday. With this increase, the NEPSE index has reached 2,651.21 points. According to the Nepal Stock Exchange, shares worth 3.72 billion rupees were tr...
What is the exchange rate of foreign currency, which currency?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Monday. According to the new rates published by the Central Bank, the buying rate of one US dollar has remained at 154 rupees 21 paise and the selling rate ha...
Enthusiasm in real estate business, revenue collection of 4.84 billion in the month of November alone
Kathmandu. With the opening of lots, enthusiasm has been seen in the real estate business in the month of November. According to the Department of Land Management and Records, a revenue of 4.84 billion 81 million rupees was collected from real est...
The NEPSE index increased by 79.74 points!
Kathmandu. On the first day of the new financial year, the NEPSE index, a measure of stock trading in the stock market, rose by a high. According to the Nepal Stock Exchange, the NEPSE index increased by 79.74 points to 2,677.54.
The sensiti...
32 points decline in NEPSE, turnover of 21.5 billion
Kathmandu. The NEPSE index fell on the third trading day of the week on Tuesday. The stock market, which closed with a historic increase of 162 points the previous day, corrected by 32.08 points today. Along with this, the market index has dropped...