PCCI warns of agitation

PCCI chairman Damu Adhikari speaks against high interest rates in Pokhara on Wednesday. Picture: PCCI

Pokhara—Pokhara Chamber of Commerce and Industry has warned of agitation if hiked bank interest rates on loan is not slashed. Issuing a statement on Wednesday, PCCI has challenged the bank and financial institution to cut down the interest rate until February 12. PCCI has claimed that it will come up with protest programs tying up with all the entrepreneurs and industrialists.

The PCCI release issued by its chairman Damu Adhikari states that the excessive soaring in interest rates have caused the cost price high and the competitive capacity deficiency. The statement further claims that the increase in interest rates also is not only causing the investment hike in the under constructing projects but also spoiling the environment for fresh investment.

On the same issue, PCCI has organized an interaction today. Speaking in the program, chairman Adhikari said that there is no alternative of agitation if the interest rates are not decreased by the banks and financial institutions. Tourism entrepreneur Santosh Pokhrel, PCCI immediate past president Bishwo Shankar Palikhe, senior vice chairman Narayan Koirala, general secretary Arjun Pokhrel including other put their views against the high interest rates.

Published on: February 6, 2019 5:44 pm

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