Liberal economic policies facilitated progress: Dr. Mahat

Former Finance Minister Dr. Ram Sharan Mahat Wednesday said that the country achieved significant progress after the implementation of liberal economic policies.

Inaugurating BG Mall, a shopping complex, at Gongabu, Dr. Mahat, suggested that it would be better if the Fast Track and Budhi Gandaki Hydroelectricy Project could be financed by the internal resources.

“The Fast Track should be developed within five years. On the other hand, we must be clear whether we want foreign investment in the fast track or not,” he said.

He stated that the business institutions that came into operations recently had contributed to the national economy significantly.

The BG Mall was jointly inaugurated by Dr. Mahat and president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Pashupati Murarka.

Murarka said that the country’s economy prospered because of active participation of the private sector after the adoption of liberal economic policies therefore, the government should promote the private businesses and create conducive business environment.

“Business institutions like BG Mall create employment, provide service to a large number of people and help to develop the local economy,” he opined.

 Raju Giri, director of the company, informed that the mall was established to cater quality goods and services to the consumers from the Kathmandu Valley and outside it. “Consumers can find goods from clothes to electronics along with food and entertainment in the mall. On the occasion of its opening, we have offered 20 per cent discount on the purchase of every item.”

The mall has mobile, electronics, apparel, cosmetics, restaurants, cinema hall, bank, ATM lounge and other showrooms.