• About
  • Advertise
  • Privacy & Policy
  • Contact
  • Our Team
Sunday, August 31, 2025
  • Login
Metakhabar
  • Home
  • News
    Kathmandu Hosts Successful 20th EducationUSA University Fair

    Kathmandu Hosts Successful 20th EducationUSA University Fair

    President approves mobilization of army for November 20 elections

    Opportunities must be created to make women self-reliant: Former President Bhandari

    PM Oli-Chinese President meeting: Nepal objects to China-India deal to open trade route through Lipulek pass

    PM Oli-Chinese President meeting: Nepal objects to China-India deal to open trade route through Lipulek pass

    PM Oli in China, bilateral talks with President Xi

    PM Oli in China, bilateral talks with President Xi

    PM Oli arrives China; to meet with President Xi today

    PM Oli arrives China; to meet with President Xi today

    Two killed in road accident in Makawanpur

    Doctor dies in a car accident

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Auto
  • International
  • Business
  • Entertainment
    Pratham declared winner of Mero Voice Universe, Rista Mero wins Dance Universe title

    Pratham declared winner of Mero Voice Universe, Rista Mero wins Dance Universe title

    International Jazz Day today

    International Jazz Day today

    Black-breasted Thrush recorded second time in Nepal

    Black-breasted Thrush recorded second time in Nepal

    Weather to remain fair in most parts of country

    Weather to remain mainly fair throughout country

    Sunar enters his name in Guinness Book 20th time

    Sunar enters his name in Guinness Book 20th time

    14th Nepal Festival in Tokyo today

    14th Nepal Festival in Tokyo today

  • Sports
  • नेपाली
No Result
View All Result
  • Home
  • News
    Kathmandu Hosts Successful 20th EducationUSA University Fair

    Kathmandu Hosts Successful 20th EducationUSA University Fair

    President approves mobilization of army for November 20 elections

    Opportunities must be created to make women self-reliant: Former President Bhandari

    PM Oli-Chinese President meeting: Nepal objects to China-India deal to open trade route through Lipulek pass

    PM Oli-Chinese President meeting: Nepal objects to China-India deal to open trade route through Lipulek pass

    PM Oli in China, bilateral talks with President Xi

    PM Oli in China, bilateral talks with President Xi

    PM Oli arrives China; to meet with President Xi today

    PM Oli arrives China; to meet with President Xi today

    Two killed in road accident in Makawanpur

    Doctor dies in a car accident

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Auto
  • International
  • Business
  • Entertainment
    Pratham declared winner of Mero Voice Universe, Rista Mero wins Dance Universe title

    Pratham declared winner of Mero Voice Universe, Rista Mero wins Dance Universe title

    International Jazz Day today

    International Jazz Day today

    Black-breasted Thrush recorded second time in Nepal

    Black-breasted Thrush recorded second time in Nepal

    Weather to remain fair in most parts of country

    Weather to remain mainly fair throughout country

    Sunar enters his name in Guinness Book 20th time

    Sunar enters his name in Guinness Book 20th time

    14th Nepal Festival in Tokyo today

    14th Nepal Festival in Tokyo today

  • Sports
  • नेपाली
No Result
View All Result
Metakhabar
No Result
View All Result
Home Business

Government committed to improving economy: PM Dahal

Metakhabar by Metakhabar
April 11, 2023
in Business, News
0
Government committed to improving economy: PM Dahal
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Kathmandu: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has said the government is committed to resolving present problems seen in the country’s economy and vigorously working to resolve them.

Addressing the 72nd Annual General Meeting of the Nepal Chamber of Commerce here today, he asserted that the government wanted the same level of support from the private sector for economic reforms.

“The contribution of the private sector is important in running the nation’s economy. Two-thirds of the total investment is from the private sector. The private sector has been playing a progressive role in the supply of essential goods and services as well as in increasing productivity and employment,” the Prime Minister said, highlighting the contribution of the private sector.

He stated that the three tiers of the government too have been forging coordination with the private sector while formulating their plans and policies. The private sector has a significant role in achieving Nepal’s goal of graduating from a least developed country by 2026 and the sustainable development goals (SDGs) by 2030, e added.

PM Dahal stressed on prioritization of the areas of investment now as significant progress is seen in various sectors related to the economy in recent years. “The multi-dimensional poverty is decreasing. Significant progress has been made in the education sector, gender empowerment, drinking water facilities, and access to power, among other sectors. Now is the time to ramp up and prioritize the sector-wise investment,” he said.

According to the PM, failure to increase domestic production and employment will hamper the sustainable development of the economy. He also claimed that the basic economic indicators were on a positive trajectory in recent days.

“We have been importing a large number of goods that could be otherwise produced within the country itself and more than 2,000 youths are going abroad for employment on a daily basis, but the country’s economic outlook is not that gloomy. Although the foreign currency reserve and revenue collection are low, these issues have also been gradually resolved,” the PM viewed.

Finance Minister Dr Prakash Sharan Mahat also asserted that the economy was not much in bad shape. “We all know that our economy lacks optimism, but the kind of narrative about the pessimistic outlook that is being created, it is not like that. Only a negative picture of the economy is being painted. We should move ahead with the confidence that the country’s economy will now improve and make progress,” he said.

He opined that this negative thinking seen in the market is a matter of worry. As the Finance Minister said, the external sector is on the path of improvement and the inflation is also under control, but a big impact has been seen in some other sectors.

“Return on investments has been low due to many factors like a liquidity crisis, exorbitant interest rate, and an increment in production costs. As a result of these factors, small and big investors are finding it difficult to invest. The situation of the collection of government revenues has reached the situation of worry,” he said.

This year, the overall government revenue collection has drastically decreased beyond the target with customs revenue collection along dropping 28 percent, he said. Reducing public expenditures and increasing capital expenditures has remained challenging, he viewed. Although the government has prioritized the increment of capital expenditures, the results have not been effective, according to him.

“Development projects have faced problems relating to forests, land acquisition, distribution of compensation for acquiring lands and contractors. But, the government is serious about taking optimal measures to increase capital expenditures,” he said.

Similarly, Minister for Industry, Commerce and Supplies, Ramesh Rijal pointed out the ‘equal’ role of the private sector to improve the country’s economy. “The country’s economic activities are not that good. The private sector has an important role in making them good. For this, the government will facilitate in formulating policies and rules,” he said. He also pledged to do his best to feel the problems facing the private sector and resolve them.

A disturbance in the fiscal and monetary policy is blamed for the country’s weakening economy, said the Chairperson of the Nepal Chamber of Commerce, Rajendra Malla.

“The economy has not taken the expected pace due to a lack of coordination in the monetary and fiscal sectors. The situation wherein the revenues cannot deal with current expenditures is not a good signal. There is the need of the hour to meet the target for revenue collection by expanding economic activities. The scope of taxes should be increased by curbing illegal trade along the Nepal-India border,” he was of the view.

The situation of capital expenditures has been disappointing, he said. “There is a problem in liquidity due to failure to spend capital. The excessive trade deficit is also today’s problem. To reduce the trade deficit, measures like an increment in domestic production, and the expansion of the information and communications sector should be adopted,” he said.

Previous Post

72 dead from drowning after Philippines’ long holiday: police

Next Post

Health Ministry urges to stay alert amid rising cases of Covid cases

Metakhabar

Metakhabar

Next Post
No carelessness on COVID-19, Health Ministry cautions

Health Ministry urges to stay alert amid rising cases of Covid cases

Please login to join discussion
Kathmandu Hosts Successful 20th EducationUSA University Fair
Business

Kathmandu Hosts Successful 20th EducationUSA University Fair

by Metakhabar
August 30, 2025
0

Kathmandu, August 30 – The 20th EducationUSA University Fair concluded successfully in the capital, bringing together representatives from more than...

Read more
President approves mobilization of army for November 20 elections

Opportunities must be created to make women self-reliant: Former President Bhandari

August 30, 2025
PM Oli-Chinese President meeting: Nepal objects to China-India deal to open trade route through Lipulek pass

PM Oli-Chinese President meeting: Nepal objects to China-India deal to open trade route through Lipulek pass

August 30, 2025
PM Oli in China, bilateral talks with President Xi

PM Oli in China, bilateral talks with President Xi

August 30, 2025
PM Oli arrives China; to meet with President Xi today

PM Oli arrives China; to meet with President Xi today

August 30, 2025

Aanjan Media Private Limited Kathmandu, Nepal

Chairman

Dhiraj Paudel

Registration No:

3634-2079/80

Contact

01-4521648
metakhabar7@gmail.com

  • About
  • Advertise
  • Privacy & Policy
  • Contact
  • Our Team

© 2022 MetaKhabar

No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Society
  • Auto
  • Education

© 2022 MetaKhabar

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In