Chandra Dhakal Urges State to Recognize Private Sector as Economic Engine

Chandra Prasad Dhakal, President of Nepal Industry and Commerce Association, emphasized the need to redefine the relationship between the state and private sector from an adversarial to a collaborative one. Speaking at the association's annual general meeting, he stressed that outdated laws like the Black Market Act are obstacles to economic progress and must be reformed to unleash private sector potential. This change in perspective is crucial as the private sector is seen as the main driver of economic growth in Nepal. For investors, this signals potential policy shifts that could foster a more favorable business environment, impacting market confidence and possibly NEPSE performance positively. Understanding these changes can help investors anticipate regulatory impacts on their portfolios and market sectors.

• Private sector must be embraced as Nepal’s economic engine; outdated laws hinder growth, says Chandra Dhakal.