Kathmandu, June 1

Finance Minister Barsha Man Pun Friday said that the government was planning to allow the Nepalese entrepreneurs to invest in foreign countries and manage the present investments through various channels.

Minister Pun made this remark at a discussion programme with the delegation of the Confederation of Nepalese Industry (CNI) at the Finance Ministry.

"It is reported that there has been Nepalese investments in foreign countries through illegal channel. The government thinks that providing legal status to Nepalese investment abroad would be beneficial to the country" he said.

He further said that the government would announce a package programmes to provide the relief to the private sector soon.

"The government is ready to extend necessary support to the private sector for encouraging them to invest. We are committed to creating a more favourable business climate in the country," he said.

On the occasion, Hari Bhakta Sharma, officiating president of the CNI, suggested that the government should introduce required laws and acts related to economic developments, industries and business even through an ordinance.

He said that CNI was of the views that the political turmoil should not hamper the economic sector. For this, there should be stability on business related laws and policies, he said.

He stressed need of the approval of 15 economic bills which were pending in the dissolved parliament to improve the business environment in the country.

Highlighting the present political crisis, Sharma, however, expressed his doubt about the success of the Nepal Investment Year-2012/13 and Investment Board established aiming to attract foreign investment.

The delegation also urged the government to move ahead by making consensus among the political parties on minimum economic agenda.

Finance Secretary Krishna Hari Baskota was also present in the meeting.