Nepal, Feb. 1 -- Federation of Nepalese Chambers of Commerce and Industry (FNCCI), an umbrella organisation of the private sector, has called on political parties to clearly enshrine private-sector protection, promotion and investment-friendly policies in their election manifestos ahead of the upcoming House of Representatives polls.

Addressing a press conference, FNCCI President Chandra Prasad Dhakal warned that the weakening morale of the private sector has made economic recovery and prosperity increasingly challenging. He stressed that restoring confidence among entrepreneurs is critical to reviving the national economy.

The FNCCI noted that the private sector contributes around 81 percent of Nepal's economy and generates 86 percent ...