Kathmandu, July 28
The government is set to establish a
high-priority response desk at the Ministry of Finance to address concerns
raised by the private sector as it steps up efforts to improve the investment
climate and accelerate economic reforms.
Finance Minister Dr. Swarnim Wagle said at an
interaction with the entrepreneurs on Tuesday that the proposed response desk
would coordinate with relevant ministries, departments and agencies to resolve
legitimate concerns raised by businesses. He said the government intended to
replace delays in decision-making with a system focused on timely action.
According to him, the government had adopted a
roadmap to repeal outdated laws, improve the investment environment, simplify
and make the tax system more transparent, and enhance the ease of doing
business.
He also said that expanding the capital market
and alternative financing instruments, reforming the labour market and
strengthening digital public services will get equal priority.
He said 42 laws directly related to the
economy were currently under amendment or repeal.
FM Dr. Wagle said the government had
identified three priorities - enabling existing industries to operate at full
production capacity, creating conditions for businesses to expand with
confidence and encouraging new enterprises and investment, particularly by
young entrepreneurs.
According to him, improvements in these areas
would contribute to higher economic growth, employment generation, revenue
collection and exports. "The government's role is not to run industries
but to create an investment-friendly environment in which businesses can
operate without unnecessary obstacles," he said.
The finance minister has also sought feedback
from the private sector on the factors behind high production costs, barriers
preventing industries from operating at full capacity, reasons for weak
investment decisions and administrative and legal hurdles related to land
acquisition, electricity supply and tariffs, labour, transport, finance, raw
materials and market access.
Likewise, the finance minister said the
implementation of economic reforms announced through the national budget was
progressing. Legal amendments, regulations, operating procedures and
institutional reforms would be introduced according to a fixed timetable, while
efforts to increase capital expenditure, speed up project implementation and
strengthen the capital market and financial sector would continue in parallel.
He reiterated the government's commitment to
protecting private sector investment and creating conditions that would allow
businesses to earn returns and reinvest, saying private sector growth was
essential for Nepal's economic transformation.
Published in The Rising Nepal daily on 29 July 2026.
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