Kathmandu : Finance Minister Dr Swarnim Wagle has informed that 42 laws are in the process of annulment and amendment for enabling investment-friendly environment.
At a discussion with industrialists, entrepreneurs and representatives of private sector today, Finance Minister Dr. Wagle clarified that they have pursued a solo and shared national agenda of investment.
The government has charted a roadmap to scrap redundant and old laws, improve investment environment, make tax systems simple and transparent, ease business doing atmosphere, expand stock market and alternative financial tools, and build a transparent administration through digital service.
“Prime Minister himself is quite serious to the issues of private sector. He has been directly dealing the prime affairs on his own and also stepped up follow-ups through me and other cabinet colleagues”, the Finance Minister stated.
The government is clear on its stance that the domestic and foreign investors with high confidence for economic transformation of the country through expansion of investment, establishment of new industrialist avenues and production, Wagle shared.
He further said they are focused to operate industries at full capacity, expand business seamlessly, and create new enterprises.
“With significant improvements in the three indicators, economic growth, job creation, revenue growth, and export promotion will naturally advance at a new pace. Thus, all our efforts and policies will focus on achieving these three outcomes,” he said.
Finance Minister Dr. Wagle also mentioned that a ‘response desk’ will be set up at the Ministry of Finance as a high-priority initiative to coordinate immediately with relevant ministries, departments, and agencies to resolve issues raised by industrialists, businessmen, and private sector representatives.
“Files will no longer just pile up; a culture of making quick decisions and solving problems will be developed,” he said. “Tasks related to law amendment, regulation, procedure and institutional reforms would be carried out as per the calendar”.
