Reforms yield results: Prime Minister Shah reports turnaround across state-owned enterprises

August 8, Kathmandu: Prime Minister Balendra Shah has said several troubled state-owned enterprises are finally showing signs of recovery following targeted structural reforms and stricter management.

In a social media update today, the Prime Minister highlighted key operational turnarounds across major public institutions.

First, at Nepal Pharmaceuticals Limited, sales crossed twenty-three million rupees over the last four months following new international certification. The company earned thirty million rupees in profit last year and aims to produce thirty-seven types of essential medicines this fiscal year.

Over at the Hetauda Textile Industry, trial production has officially begun following loom repairs, with early operations overseen by the Nepali Army ahead of a full commercial relaunch.

Meanwhile, Nepal Airlines Corporation brought in over six-point-two billion rupees in revenue during the final quarter of the last fiscal year. That marks an increase of more than one billion rupees compared to the same period prior, with average seat occupancy reaching eighty-six percent.

Turning to the Dairy Development Corporation, outstanding dues owed to farmers were halved, cutting unpaid arrears from seven hundred twenty million rupees down to three hundred fifty million. Daily average revenues also saw a sharp increase, rising from six hundred thousand rupees up to nine hundred thousand.

Finally, Singhadurbar Baidyakhana quadrupled its annual sales of Ayurvedic medicines over the past year, generating nearly one hundred thirty million rupees.

Government officials say these operational improvements demonstrate that sustained oversight and clear policy enforcement can restore competitiveness to national industries.