Budget 2084/84
Government to Sell Part of Nepal Telecom Shares to Build a "Tech Hub"
A fintech marketplace will be established under the supervision of Nepal Rastra Bank, the Finance Minister said, adding that dozens of government services will be integrated into the Nagarik App.
Dipesh Ghimire
1 min read
Kathmandu — The government will keep a sharp focus on expanding information technology infrastructure, Finance Minister Dr. Swarnim Wagle announced through the budget.
Wagle said the federal government will retain a 66 percent stake in Nepal Telecom and sell the remaining shares to the public by the end of Poush, with the proceeds to be used to turn Nepal into a "tech hub."
To expand the IT service sector, the government has made arrangements to open up investment abroad. Clear legal provisions will be put in place to allow people to work for foreign employers while based in Nepal and to attract remote work.
The government will arrange for the IT software used by government agencies to be procured through a single entity, and will increase investment in the development of digital public infrastructure.
A fintech marketplace will be established under the supervision of Nepal Rastra Bank, the Finance Minister said, adding that dozens of government services will be integrated into the Nagarik App.
Written by
Dipesh Ghimire