Finance Minister Janardan Sharma has directed the Investment Board Nepal (IBN) to take big projects ahead by creating capital on its own.

Participating in the seventh meeting of the Monitoring and Facilitation Committee of the IBN, Minister Sharma said that the ministry would provide necessary support if IBN moves ahead for capital formation.

He further said, “IBN should pay attention to invest in big projects by creating capital on its own. We will discuss how we can help if such a fund is set up.”

Also the Vice-Chairperson of the IBN, the Finance Minister advised the Board to build capital funds for the export-oriented projects by holding discussions with the private sector.

He urged the IBN to take initiative…


Read full article at ShareSansar.com


Leave a Reply

Your email address will not be published.


You May Also Like

Budget positive but challenging for implementation: NCC – |

Nepal Chamber of Commerce (NCC) has observed that the budget government brought…

NAV of Mega Mutual Fund 1 Stands Below Par Value in the Month of Baisakh – |

The NAV report of “Mega Mutual Fund 1 (MMF1)” has been unveiled…

Too Many Bad News in Single Day: NEPSE Loses 2.17% and Closes at 2,661.44 – |

The NEPSE index closed at 2,661.44 today after losing 58.99 points from…

SEBON Approves 5 More Institutional Investors to Participate in IPOs Via Book-Building Process – |

Securities Exchange Board of Nepal (SEBON) has chosen five more institutions to…

Last Day to Apply for IPO of Emerging Nepal Limited – |

Emerging Nepal Limited is closing its IPO issue today. Investors have till…