He served in the Ministry of Foreign Affairs, the Ministry of Finance, the Ministry of Water Resources and Communication (1990–1994), Minister of Water Resources (1995–1997 and 1997–1998) after the Panchayat era.

[citation needed][1] He is also one of the richest people in Nepal.

[2] Pashupati Shamsher Jang Bahadur Rana was born to Lieutenant General Yuvaraja Bijaya Shamsher Jang Bahadur Rana, son of Mohan Shamsher Jang Bahadur Rana.

[3] He has two daughters: Devyani Rana and Urvashi Rajya Lakshmi.

Urvashi Rajya Lakshmi Rana married Shiv Khemka, a businessman from the "Marwadi" Community.