Biratnagar, March 26: Finance Minister Dr Yubraj Khatiwada has said the government was committed to the development of private sector.
Speaking at a joint meeting and discussion programme organised by the Morang Merchants’ Association and Industry Association of Morang here Sunday, the Finance Minister shared that the country needed an investment of Rs 140 billion and the support from the private sector was essential for so.
He called on the private sector to lend the hand in the construction of big projects, promising to address any untoward hurdles in the construction of such projects through a fast track. Calling on the business community to follow the public-private model for the industrial development zone, he vowed the government support and cooperation towards that end.
His evaluation was that change in banks’ interest rates had negatively affected industrialists and he stressed that banks should determine interest rates by fixing a certain time limitation while investing in industries. As stated by him on the occasion, the issue of addressing problems resulted in Nepal from the ban on INR 500 and 1,000 currency notes would be raised during the Prime Minister’s upcoming India visit. He took the moment to urge business people to pay tax honestly and customs office to provide service with the smile. –RSS
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