Kathmandu, Dec. 23
The
private sector on Wednesday urged all political parties to take wise decision
so as not to hurt the economy and take the country to the path of political
stability.
Issuing
a joint statement, three representatives business bodies, the Federation of
Nepalese Chambers of Commerce and Industry, Nepal Chamber of Commerce and
Confederation of Nepalese Industries, urged all political parties to have
patience and take a wise decision to maintain political stability during the
current challenging scenario.
Expressing
concerns about the latest political development in the country, they said,
"The private sector always wants political stability. It's known to all
that we had continuously recommended for the political stability in the
past."
Political
stability paves way for policy stability which results in more investment
attraction, business promotion, employment generation and the entire economy is
benefitted from it. No one should forget it, read the statement.
The
private sector organisations have expressed worries over the results of the
political instability created during the COVID-19 pandemic which has devastated
the economy.
The
economy was witnessing a gradual growth and livelihoods were being restored.
Likewise, political uncertainty will also have negative impacts on the
development works as well, they said.
Earlier
on Monday, Nepal Foreign Trade Assocition said that the political uncertainty
could negatively impact the business and people.
Publised in The Rising Nepal daily on 24 December 2020.
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