He said that during the Corona pandemic, the government adopted policies such as controlling imports and reducing bank interest rates to accumulate foreign exchange reserves, which led to problems in the economy and decreased business morale.
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Anjan Shrestha, president of the Federation of Nepalese Chambers of Commerce and Industry, said that the morale of businessmen, which had declined after the COVID-19 pandemic, is still the same.
During the COVID-19 pandemic, the government adopted policies such as controlling imports and reducing bank interest rates to accumulate foreign exchange reserves, which led to problems in the economy and the morale of businessmen has declined.
‘The cooperative sector, which has been providing liquidity worth Rs 600 billion to the market since the COVID-19 pandemic, has faced problems,’ he said. ‘There has been a problem in the flow of investment from the cooperative sector.’
In the current situation, although the external sector appears strong, the internal sector is in trouble, he said.
He said that businessmen are discouraged and their morale is weak.
He said that the construction industries are facing further problems due to the ongoing conflict in West Asia, including fuel price hikes, supply disruptions, and increased transportation costs.
He said that integrated demand has decreased and industrialists are operating at low capacity.
He says the government's policy of detaining and questioning businessmen has added to the confusion.
