KATHMANDU, April 23: To attract domestic and foreign investors, the government has amended nine laws through an ordinance. These amendments are made on the eve of the Nepal Investment Summit-2024 and address long-standing complaints from the private sector that the existing laws hinder the creation of an investment-friendly environment in the country.
KATHMANDU, April 22: The government has decided to introduce an ordinance to amend several Nepal Acts related to investment facilitation. In a meeting of the Council of Ministers held on Monday, it was decided to submit this ordinance to the President for issuance.
KATHMANDU, April 20: Despite the private sector’s recommendations to amend about two dozen laws to promote both foreign and domestic investment in the country, the government has yet to make any amendments. With only nine days remaining for the start of the Nepal Investment Summit-2024, where the government aims to attract foreign investment, the private sector is worried due to the absence of legal reforms.