CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

‘Infrastructure development must for economic growth’

CEO Tab by CEO Tab
July 20, 2023
in Prime News
0
Nepal is emerging as investment-friendly country: PM Dahal
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Prime Minister Pushpa Kamal Dahal has said the construction of physical infrastructure was the first condition for the economic development of the country.

You might also like

Nepal’s Trade Costs 44% Higher Than SAFTA Average: Govt Report

APF Tightens Border Monitoring to Curb Revenue Leakage

FDI Commitments Near Rs 41.79 Billion in Nine Months

The infrastructure sector plays a key role in developing the foundation for socialism, he said while addressing the 61st anniversary of the Nepal Engineers Association here today.

Stating that there was less development budget as compared to the budget under current expenditure in the country that has little internal resources, the PM rued failure to spend development budget timely.

He called for ending the trend of spending budget in a hurry at the eleventh hour of every next fiscal year that causes low quality work.

The government was always ready to facilitate in correcting errors and addressing problems in the legal, structural and procedural things to end the trend of not starting construction works in time, he said. “Initiatives will be taken in making arrangements for construction work and development activities to take place in time within the ceiling of the allocated budget.”

Ruling out the possibility of advancing towards economic progress without focusing on development and infrastructure, the Prime Minister insisted on the necessity of investments from the government, private sector and the foreign community to drive development endeavors forward.

Given the limited sources available to the government for undertaking development endeavors, the Prime Minister stressed the importance of actively seeking investment from the private sector and fostering increased foreign economic cooperation.

“Once development gains momentum, it will lead to an overall improvement of the nation’s economic status,” he said, adding that the government was committed to ensuring people’s happiness through tangible and positive changes in the nation.

“The incumbent government is committed to acting swiftly against corruption in a bid to achieve good governance. We are thankful to the masses for their significant support and solidarity to this campaign,” the Prime Minister said. 

Also speaking on the occasion, Minister for Physical Infrastructure and Transport, Prakash Jwala, said the present age was an era of physical infrastructure development and technology, and the nation’s prosperity was unimaginable in absence of physical infrastructure development.

 “But we feel a huge gap in the infrastructure development within ourselves. People of some parts of the country do not even have access to a health post while some have access to the latest IT development.  Our efforts should be for bridging this gap by utilizing infrastructure and IT development as a means of achieving economic prosperity.”

According to the minister, infrastructure development, connectivity, and electrification are prime needs of the hour and such developments will up avenues for other forms of development. “Physical infrastructure has been taken as a base for prosperity,” he said, underlining the need of ensuring that each development endeavors is pro-people, of quality and sustainable.

On the occasion, the Prime Minister honored those graduates for their outstanding performance under various genres.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Nepal’s Trade Costs 44% Higher Than SAFTA Average: Govt Report

by CEO Tab
April 16, 2026
0
“Issues of price increment of petroleum goods will be resolved”

Nepal’s trading cost is 44 percent higher than those of member countries of the South Asian Free Trade Area (SAFTA), according to a new government report highlighting deep-rooted...

Read more

APF Tightens Border Monitoring to Curb Revenue Leakage

by CEO Tab
April 16, 2026
0
Exports of Nepali goods double in four months

The Armed Police Force (APF) Nepal has intensified monitoring at eastern border customs points, including Kakarbhitta, in a bid to control revenue leakage. The move follows growing concerns...

Read more

FDI Commitments Near Rs 41.79 Billion in Nine Months

by CEO Tab
April 16, 2026
0
FDI commitment declined 60% during five months

Foreign Direct Investment (FDI) commitments in Nepal have reached nearly Rs 41.79 billion in the first nine months of the current fiscal year, according to the Department of...

Read more

Nationwide Economic Survey Begins, 5,000 Personnel Deployed

by CEO Tab
April 15, 2026
0
Nepal’s Second Economic Census to Begin on March 15

The second nationwide economic survey has commenced today, with the National Statistics Office (NSO) confirming that enumerators and supervisors have already been deployed to their assigned areas. The...

Read more

Govt Unveils Ambitious Plan for 7% Growth and $100 Billion Economy

by CEO Tab
April 15, 2026
0
OPMCM

The government has pledged to achieve an average economic growth rate of 7 percent over the next five years, with targets to raise per capita income to $3,000...

Read more
Next Post
Banks fail to increase lending despite excess liquidity

Commercial banks earned hefty profits of Rs 67.23 bn

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.