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Nepal is now heaven for investor

Opening remarks by Ambassador of Nepal H.E. Ms. Sewa Lamsal in Islamabad

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Islamabad, 24 February 2020 (GNP) : After the transition in government, political stability, the government to Nepal is now focusing on building economic base in the country by inviting investors and creating an investment-friendly environment. Nepal has turned now as a heaven for foreign investors. These were the remarks by the visiting Foreign Secretary of Nepal Mr.Shankar D. Bairagi who was addressing a session on “Investment opportunities in Nepal” organized by Embassy of Nepal in Islamabad. Foreign Secretary further said that Pakistan a Nepal enjoy deep-rooted relations and are based on true friendship since historic times. It is high time that this tension-free and long-standing relations can be transformed into economic prosperity between the two nations. Nepal has passed through a long journey of transformation, achieved inclusive peace, framing a constitution and maintain political stability in the country. Under the plan of 2030, Nepal will be focused on Economic transformation for a prosperous Nepal. The government of Nepal has recently established a platform with 11 ministries linked as a one-stop-shop solution for businesses and investors to get facilitation at a faster pace. The Foreign Secretary has also added that Nepal introduced a liberal visa regime to promote investment.

Opening remarks by Ambassador of Nepal H.E. Ms. Sewa Lamsal in Islamabad this year Pakistan and Nepal will be celebrating 60 years of relations. Both countries have signed several agreements of cooperation and are part of regional and international forums. On the occasion Additional Secretary Zahoor Ahmed, Ministry of Foreign Affairs Govt of Pakistan has said that Nepal has the origin of Buddhism and Pakistan has the zenith of Buddhism which reflects the deep-rooted connection apart from strong bilateral ties on all levels. Ambassador Zahoor also congratulated Nepal as being the chair Of SAARC. DG MOFA Nepal on this occasion gave a detail presentation about investment opportunities in Nepal and how can investors from Pakistan benefit from the fastest growing economy with the second-highest growth rate amongst the South Asian countries. He said that agriculture, hydel power, energy, minerals and mines, transportation, IT, manufacturing, and service sectors are a few of the important priority areas where investment can be done in Nepal. A large number of Ambassadors from different countries based in Islamabad, Business community and members of civil society were present during the session. (GNP)

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