nepal import substitution
Nepal’s Mounting Trade Deficit Raises Economic Concerns
Nepal’s trade deficit has reached an alarming level, with figures from the Department of Customs revealing a staggering Rs 1177 billion deficit as of the end of the month of Baisakh (mid-May) in the current financial year. This widening trade gap, fueled by a surge in imports and lackluster export performance, has raised concerns about […]
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Nepal’s Mounting Trade Deficit Raises Economic Concerns
Nepal’s trade deficit has reached an alarming level, with figures from the Department of Customs revealing a staggering Rs 1177 billion deficit as of the end of the month of Baisakh (mid-May) in the current financial year. This widening trade gap, fueled by a surge in imports and lackluster export performance, has raised concerns about […]
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Nepal’s Foreign Exchange Reserves Surge by 24.2% to New Heights
Nepal’s foreign exchange reserves have witnessed a remarkable surge, according to the latest data released by the Nepal Rastra Bank (NRB). In mid-April 2024, the gross foreign exchange reserves soared by an impressive 24.2 percent, reaching a staggering Rs. 1911.86 billion, a significant increase from the Rs. 1539.36 billion recorded in mid-July 2023. In US […]
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Hyundai Assembly Plant Inaugurated in Nepal
Nepal’s Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has reaffirmed the government’s commitment to fostering an investment-friendly environment, driving economic transformation, and bolstering the country’s industrial sector. During the inauguration of the Hyundai Motor Assembling Plant of Laxmi Motor Corporation in Nawalparasi, PM Prachanda emphasized the pivotal role of the private sector in propelling Nepal’s journey […]
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Nepal Rastra Bank Governor Assesses Economic Outlook as Moderate
In a comprehensive address marking the 69th anniversary of Nepal Rastra Bank (NRB), Governor Maha Prasad Adhikari provided an assessment of the country’s current economic condition, describing it as moderate. Despite challenges like low credit demand and economic slowdown, Adhikari highlighted positive signs in the external sector as a notable development during the year 2080 […]
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