KATHMANDU, April 29 -- The third edition of the Nepal Investment Summit 2024 kicked off on Sunday with an aspiration of attracting investment in the high potential areas of the country.

According to the Investment Board Nepal (IBN), the third-edition of the Investment Summit has brought together over 1600 prospective foreign investors from more than 55 countries in Kathmandu.

Speaking at the summit, Finance Minister Barshaman Pun said the Council of Ministers has recently stepped up efforts to amend a number of laws, which shows the government is flexible in enforcement of related laws. According to him, the government is simplifying the laws related to taxation to make it more investment-friendly.

"In addition, the government will be ...