KATHMANDU, April 23 -- To attract domestic and foreign investors, the government has amended nine laws through an ordinance. These amendments are made on the eve of the Nepal Investment Summit-2024 and address long-standing complaints from the private sector that the existing laws hinder the creation of an investment-friendly environment in the country.

The government is set to host the Nepal Investment Summit-2024 on April 28 and 29, stating insufficient domestic capital for the development and prosperity of the country. The Bill to amend some Nepal Acts related to investment facilitation was approved by the Council of Ministers meeting on Monday. The ordinance will come into effect after the President's approval.

Finance Minister Bars...