Kathmandu, Feb. 11 -- Ahead of the third investment summit scheduled for April 28 and 29 in Kathmandu, a panel has recommended the government amend a dozen laws to attract foreign investments.

The government is convening the investment summit to welcome investors into the country even though the previous two summits did not bring much in the way of investments. In both summits, the investment pledges had run into billions of dollars in various projects, but only a few commitments translated into reality. Officials now say they have devised new measures to rope in foreign investors.

The government formed a panel headed by Ek Narayan Aryal, secretary at the Prime Minister's Office, to identify laws and regulations that prevent investments...