The Nepal Planning Commission (NPC) has revealed that the estimated cost for implementing the 16th Plan is approximately Rs 11.1 trillion. The plan emphasizes the importance of private sector partnerships for funding, with a focus on addressing structural barriers to enhance production, productivity, and competitiveness.
Dr. Min Bahadur Shrestha, NPC’s Vice Chairman, provided details of the plan and assured that acquiring the necessary investment for implementation would not face any obstacles. NPC Spokesman Yamlal Bhusal emphasized the need to surpass Rs 11.1 trillion to achieve the plan’s objectives, stressing the importance of strengthening ties with the private sector for financial backing.
In other news, the Nepal Stock Exchange (NEPSE) experienced a decline of 9.54 points, closing at 2,017.97 on Wednesday. The market saw active trading with 315 stocks exchanged in 55,862 transactions, totaling 8,490,722 shares traded.
Additionally, the Nepal Oil Corporation (NOC) announced a reduction in petroleum prices, with petrol now costing Rs 171 per liter. Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has pledged support for innovation and entrepreneurship, highlighting the government’s commitment to creating a conducive environment for business.
Furthermore, gold prices surged by Rs 1,000 per tola in the domestic market, while Nepal faces an immediate climate crisis with substantial economic repercussions. The government also unveiled its Five-Year Economic Growth Plan, aiming for a 7.3% economic growth rate by fiscal year 2085/86.