PM to uphold free market economy

KATHMANDU:

Prime minister Sushil Koirala has said that the country will continue to uphold the principles of a free market economy. He made the comment during a meeting with a delegation of the Confederation of Nepalese Industries (CNI) today.

“The problems of instability that we are facing today are due to the delay in institutionalisation of democracy in the country. But we do not intend to give any concession to those who want to further destabilise the situation and put the future of the nation and upcoming generation at stake,” the prime minister said.

He further mentioned that the main responsibility of the new government was to draft a new constitution. “But equally important is maintaining peace and order so that investment and economic activities can be further expanded,” he added.

CNI president Narendra Basnyat urged the prime minister to take proactive measures in resolving issues related to economic development. “Economic and industrial growth is only possible if the government is able to build the private sector’s confidence by ensuring peace, stability and good governance,” Basnyat said, presenting a memorandum to the PM.

Source: THT