Prime Minister Pushpa Kamal Dahal Prachanda has stressed on the need for taking ‘awakened and relevant’ initiatives to make a capital base through remittance.
Inaugurating a programme held on Tuesday to mark the silver jubilee of the Nepal Economic Association in the Capital, he emphasised the proper use of remittance in creating investment opportunity in sustainable productive areas in the country.
Saying that it was late to properly utilise remittance in productive areas, he said, “Remittance is heavily helping Nepal’s economy sustain. However, there is decreasing increment in remittance lately as the demand for Nepali labour is decreasing in foreign countries.”
Thus, taking remittance as a sustainable source of income for the country is questionable, he said.
Saying economists could focus on how to employ youth’s labour, skills and talents in generating capital, the PM expressed hope that intellectuals and economists would formulate a practical and meaningful plan containing a draft to adopt necessary steps for economic development of the country.