One of the economic pillars of the country, the private sector’s hopes and dreams for the liberal economic policy for the economic prosperity with political stability through the promulgation of the new constitution went in vain with the dissolution of the Constituent Assembly (CA) on Sunday.

Though progress in the peace process has boosted private sector’s morale, the failure of political parties to promulgate new constitution even after four years tenure has depressed all the sectors, says private sector leaders.

The hopes and expectation of the private sectors have been shattered with the dissolution of CA, said senior acting-president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Bhaskar Raj Rajkarnikar.

FNCCI vice-president Pradeep Jung Pandey also expressed worries on the prolongation of transitional phase which will have direct impact on the national and international investment.

He further added that it will have negative impact on the whole economy of the country. However, he said that the political parties should be committed to draft the new constitution ahead even though they failed to give new constitution on slated tenure.

Similarly, FNCCI vice-president Bhawani Rana said that with the dissolution of CA, it will have direct impact on the investment in the country affecting the government announced Investment Year 2012/13.

The private sector had also expected that the frequent shutdowns would have be discouraged with the promulgation of new constitution, encouraging the private sector’s to operate their business regularly and without any hindrance, say entrepreneurs. nepalnews.com