Virendra Raj Pande, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), stated that the stagnation of investable funds in the financial system is currently the biggest challenge for the economy. Speaking at the Annual General Meeting of the Nepal Economic Journalists’ Association (NAFIZ), Pande said, “The domestic economy is under pressure. Banks have sufficient investable funds, but overall market demand has not increased. The main challenge today is that investable funds remain stagnant. Money remaining idle is not good for the economy.”
He emphasized the need to increase private sector investment. “Only when private investment grows can the country’s economy expand. A strong economy leads to prosperity, employment for youth, and revenue for the state. Infrastructure and social development also benefit,” Pande added.
To stimulate the market, he suggested that the government should increase capital expenditure. Pande noted that the budget execution for the first quarter of the current fiscal year has not been satisfactory and urged the government to implement it strictly. “Economic issues should be prioritized above politics,” he stated.
Overall, Pande highlighted that boosting private investment is key to strengthening the economy, generating employment, and promoting societal prosperity.
