Finance minister Rameshwar Khanal has said that the government is actively working to strengthen the morale of the private sector. In a meeting with leaders of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI), and the Nepal Chamber of Commerce, he shared that several new initiatives are being introduced to support businesses.
The government has announced programs offering tax exemptions, easier banking access, and simplified insurance services to help with economic recovery. It has also removed reference pricing and launched an online customs database system to make trade more transparent and efficient.
Private sector welcomes reforms
Business leaders appreciated the government’s new measures and encouraged entrepreneurs to use the new digital customs system. The system, inaugurated on Ashoj 9 by finance minister Khanal, will help address long-standing complaints about the old reference pricing method. It will store data on all verified goods, allowing better price comparison and market analysis.
Concerns about economic challenges
During the meeting, private sector representatives expressed concern over the impact of recent unrest on the economy. They said protests and unlawful activities had discouraged investors and entrepreneurs, affecting a sector that contributes over 80 percent to employment and the national economy. They urged the government to take strict legal action against those involved in such disruptions to restore business confidence.
Leaders of business organizations said they are committed to maintaining zero tolerance for corruption. They also called on the government to ensure a fair business environment where entrepreneurs can work freely and honestly.
Although the government’s main focus is on upcoming elections, business leaders believe this period can also be used to build a foundation for reform. They suggested organizing a multi-sector investment conference led by the private sector to attract new investors and strengthen economic cooperation. They also emphasized that timely elections will help protect Nepal’s open market and democratic system.
Stock market and investor outlook
These reforms have sparked optimism among investors, as confidence in the private sector often reflects directly in the stock market. If the government’s supportive policies are effectively implemented, market activity could rise, encouraging both domestic and foreign investment. Transparent systems and stability are seen as key to boosting NEPSE performance and rebuilding trust in Nepal’s business environment.
