COVID-19 fallout: Panchkhal Investment Summit stalled

Kathmandu - The Panchkhal municipality's plan of organising an investment summit within the current fiscal year has relegated to the backburner owing to the coronavirus pandemic. The municipal executive had come up with this plan and had already started preparing for the event. If there was no COVID-19 crisis, the municipality would have already hosted the event aimed at attracting investment in various sectors of the local economy.

Mayor Mahesh Kharel said the plan for preparing for the investment summit would be made again at an appropriate time in the coming fiscal year after the coronavirus pandemic is gone. "We had also allocated the preliminary budget as well for organising the investment summit within this fiscal year. Now, we will plan it for the next year," he said of the municipality's plan. Before this, the Tilottama municipality of Rupandehi district had organised an investment summit by any local level in the country last September.