September 21: The private sector is hopeful that with the promulgation of the new constitution, there will be political stability in Nepal.

The private sector, which has welcomed the declaration of the constitution, has also hoped that with political stability, the economy will be on everyone’s priority.

FNCCI President Pashupati Murarka said the declaration of the constitution was a historic moment for the country. “We hope that the new constitution is not limited to being just a book,” he said. “The con-stitution should be implemented in letter and spirit. The new constitution institutionalises the achieve-ments of the political revolution. So it’s not just the private sector, it’s the whole country that expects peace and prosperity in the future,” he added.

Murarka said that it was necessary for the country to head towards economic development if Nepal is to be peaceful and prosperous.

Similarly, CNI’s Senior Vice-president Haribhakta Sharma said the constitution incorporates the aspira-tion of all Nepalis. “We believe that with the new constitution, the country will head towards peace and prosperity.”

Nepal Chamber of Commerce President Rajesh Kaji Shrestha hopes the new constitution will bring political stability in the country, and that will help attract more investment. “Now there will be more investment in industries and more jobs will be created,” he said. However, all is going to depend on the political leadership and how the constitution is implemented, said Shrestha.