Kathmandu, May 28: Nepalese newspapers especially the weekly tabloids are in times of crisis after the restoration of the multi-party system. A number of newspapers which had played an important role in the struggle for restoration of democracy have ceased their publication and many of them may stop printing any time due to lack of adequate resources.

This is stated in a press statement issued by Gopal Budhathoki, general secretary of Federation of Editors and Publishers, Nepal (FEPN).

FEPN is surprised and suddened at non-implementation of the provision for making available government advertisement, official information and public information to the weekly newspapers.

FEPN calls for effective implementation of Communication Policy 2049 BS and Economic Administration Regulation 2056 BS.

If entrepreneurs spend 10% of amounts from their net profit in the advertisement, provision for exemption of that amount from VAT be made in the coming budget, it is stated in FEPN statement.