Godavari : President of the Federation of Nepalese Chambers of Commerce and Industry Chandra Prasad Dhakal has expressed confidence that the political and policy stability of the government formed by the major parties in parliament will improve the economy.

Addressing the 50th golden year and annual general meeting of Kailali Industry and Commerce Association held in Dhangadhi today, he said the recent monetary policy introduced by the Nepal Rastra Bank would keep the economy afloat as the economy was facing a major problem due to policy instability.

Referring to the stock market gaining momentum, Chairman Dhakal pointed out the need for further reforms by the government to create demand in the market and increase the productive sector. He said that there should be coordination between the state and local governments to make economic activities in the state possible as the state government is likely to be permanent along with the union.

Stating that the possibility is high despite poverty in the far-west, which ranks sixth among the provinces in GDP, Chairman Dhakal pointed out the need to connect the youth with entrepreneurship and development construction in the far-west not only because of water resources and tourism, but also because the manpower here is very hardworking.

At the program, Pushparaj Kunwar, president of Kailali Industry and Commerce Association, said that the Industry and Commerce Association is playing an effective role in promoting economic activities in the far-western region. RSS