KATHMANDU, April 20 -- Despite the private sector's recommendations to amend about two dozen laws to promote both foreign and domestic investment in the country, the government has yet to make any amendments. With only nine days remaining for the start of the Nepal Investment Summit-2024, where the government aims to attract foreign investment, the private sector is worried due to the absence of legal reforms.

The government has announced the third Nepal Investment Summit-2024 on April 28 and 29, stating insufficient domestic capital for the development and prosperity of the country. Although the Investment Board Nepal has prepared to showcase projects worth billions of rupees during the summit, stakeholders have expressed concern due to...