CIT’s Role Vital In Nation Building Process, Finance Minister Says

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CIT's Role Vital In Nation Building Process, Finance Minister Says

Kathmandu,18 March: Finance Minister Dr Ram Sharan Mahat has said the role of Citizen Investment Trust (CIT) should be made more effective by transferring its savings into capital for nation building.

Addressing a programme organized to mark its 25th anniversary here Wednesday, he said that the CIT should be able to leave its footprints in financial sector besides expansion of its financial sector.

Finance Minister Dr Mahat suggested paying more attention to social security sector and make investments in profit making sectors to provide dividends to its service recipients.

He further added that the CIT should make serious contribution to control the unnatural ups and downs in the capital market.

Also speaking at the programme, Chief Secretary Leela Mani Paudyal said that the CIT should move ahead by making its investments in safer zone.

Likewise, CIT Chairman Shankar Prasad Adhikari said that the institution was paving attention for the development of country’s economy through flow of investment and financial mobilization.

Source:RSS

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