March 19: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), an umbrella organization of private business houses of Nepal, has deferred its election and annual general meeting (AGM) due to the fear of COVID-19.

An executive committee meeting of the FNCCI on Thursday (March 19) decided to postpone its AGM and election of a new committee after the government announced sweeping measures to prevent the spread of the deadly virus that has already spread to more than 164 countries.

The government has instructed people not to organize mass gatherings and has also closed all educational institutions as well as cinema halls, night clubs and gyms until April 30.

The FNCCI was scheduled to hold its AGM on April 10 and 11. Thursday’s meeting has rescheduled the AGM and election for May 20 and 21.