Kathmandu, March 30: Finance Minister Dr Swarnim Wagle has expressed commitment to end administrative and legal hindrances as well as corruption to a great relief to the private sector.
During the meeting with representatives of the Federation of Nepalese Chambers of Commerce and Industry today, Minister Dr Wagle argued that a policy has been adopted to take the private sector ahead as government’s partner.
“Sufferings of private sector will end. We are your partner,” he underlined. Stating that the role of private sector is crucial in investment expansion and employment creation, the Finance Minister opined that attention should be focused in employment creation with investment growth.
FM Wagle mentioned that he was determined to clean out corruption.
Sharing that he was committed to making the country’s economy vibrant, he underlined that a policy related to financial crime would be changed with the priority to fines rather than imprisonment in general financial irregularities.
“We will bring a policy of monetary penalties in financial irregularities. Industrialists and entrepreneurs will not have to be imprisoned”, the Finance Minister added, clarifying that the state has expected honesty from private sector as well.
