Kathmandu, Feb. 29: Minister for Foreign Affairs, and Finance Dr. Ram Sharan Mahat has said that a liberal economic policy should be adopted in order to accelerate the pace of financial activities in the country.

Inaugurating the 25th annual general meeting and silver jubilee function of Nepal Overseas Export and Import Association here today, Dr. Mahat said economic growth rate of the country has been increasing as a result of government’s effort of making the economic sector more competitive and liberal.

On the occasion Minister Dr. Mahat also released a souvenir published by the association and presented letters of appreciation to ex-president and office-bearers of the association.

President of Federation of Nepalese Chamber of Commerce and Industry (fncci) Pradip Kumar Shrestha said the export trade has recorded a deficit of about rs 51 billion while the industrial and commerce sector is currently undergoing a lingering state.

President of Nepal Overseas Export and Import Association Lokmanya Golcha shed light on the activities carried out by the association in development and enhancement of foreign trade. Vice-president Akhil Kumar Chapagain and Ashok Kumar Agrawal also spoke on the occasion.