Kathmandu, May 18 -- The private sector asked the government to introduce policies to address the issue of high interest rates, and slash the tax rate in the production business through the budget statement for the next fiscal year. Trade associations including the Federation of Nepalese Chambers of Commerce and Industry, Confederation of Nepalese Industries, Nepal Chamber of Commerce and Nepal Foreign Trade Association submitted their wish list to the Finance Ministry on Friday, saying it would attract more investment. The Finance Ministry is currently preparing the government's annual budget statement which will be presented to Parliament on May 29.

Nepal's private sector has long been complaining that the high interest rates charged b...