Kathmandu, March 30 -- Expressing firm commitment to providing environment conducive to business and protection of foreign investment, Prime Minister KP Sharma Oli has pitched Nepal as a favourite investment destination.

Speaking at the Nepal Investment Summit-2019, Prime Minister Oli described Nepal as 'almost a virgin land' for investment with every sector profitable as he wooed the prospective foreign investors who have converged in Kathmandu for the two-day mega summit that kicked off on Friday.

The event, jointly organised by the government and Investment Board Nepal, is taking place in the country for the third time since 1990 and aims to attract foreign investment as Nepal embarks on a higher growth trajectory. The government see...