The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has urged Prime Minister KP Sharma Oli to save the country’s economy from sliding into a fatal accident.

A delegation led by FNCCI President Pashupati Murarka met with the Prime Minister at his official residence in Baluwatar and apprised him of the losses suffered by the economy due to the continuing political turmoil in the country.  

Murarka and his team informed the PM about the situation resulting from the strike and banda in the Tarai region of the country for the past 62 days and the unofficial blockade imposed by India.

According to a statement issued by the FNCCI on Monday, Murarka told the PM that the country’s economy had sustained losses worth Rs1,000 billion and that industries, business enterprises and industrialists were facing security threats.

“The strike has snatched away the basic human rights of the people and has made survival difficult. The government should bring this tendency to a halt at the earliest possible,” Murarka told the PM as per the FNCCI statement. “If the government fails to create a conducive environment, businesses will have no other option but to pull down the shutters.”

According to the FNCCI, Prime Minister Oli said that he was cautious about the

situation and assured the

delegation that the government would support the

private sector.

“I expect to get full support from the private sector.

The government has been making every effort to resolve the ongoing crisis as soon as possible,” the FNCCI statement quoted Prime Minister Oli as saying.  

The Prime Minister added that the government’s first priority was to create an investment friendly atmosphere based on the suggestions made by the private

sector.

FNCCI special member and former president Chandi Raj Dhakal, Senior Vice-President Bhawani Rana, vice-presidents Dinesh Lal Shrestha and Shekhar Golchha and other executive committee members were present at the meeting.

A delegation led by the FNCCI president met PM Oli and apprised him of the losses suffered by the economy due

to the continuing political turmoil in the country