Business | Finance | Economy
Invest in Nepal: Stable Policies, Lucrative Opportunities
Finance Minister Barshaman Pun has assured investors that Nepal’s investment policies and laws will remain unchanged, providing a stable and conducive environment for investment despite any political changes. Speaking ahead of the Nepal Investment Summit 2024, Pun emphasized that the government’s focus is on creating an environment that allows investors to repatriate their returns without […]
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Industrialists Propose Tax and Customs Reforms
Banke industrialists convened to address taxation concerns during a session with the Revenue Advisory Committee. The discussion, organized by the Nepalgunj Chamber of Commerce and Industry, highlighted the need for revisions in customs and tax rates to foster a conducive business environment. During the session, business leaders expressed dissatisfaction with the current single-rate value-added tax […]
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Nepali Market Faces Record Rice Price Surge Amidst Indian Export Restrictions
Rice prices in the Nepali market have soared to unprecedented levels, witnessing an increase of Rs 800 per kg per 25 kg bag over the past year, as reported by the National Consumer Forum’s market analysis. This surge in prices has been attributed to India’s restrictions on non-basmati white rice exports, given its status as […]
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Nepal’s Foreign Trade Sees Decline in Current Fiscal Year
Nepal’s foreign trade in the first nine months of the current fiscal year (FY 2080/081) has amounted to Rs 1.281 trillion, as per the Central Bureau of Statistics. Compared to the same period last year, which saw foreign trade at Rs 1.319 trillion, this year’s trade volume has decreased by 3 percent, equivalent to Rs […]
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Nepal Finance Minister Urges US Investors for Opportunities
Finance Minister Barshaman Pun, currently in the US, has captured the attention of American investors towards Nepal. He urged them to explore investment prospects. During a roundtable discussion organized by the US Chamber of Commerce in Washington on Wednesday, Finance Minister Pun emphasized the need for investors to identify opportunities in Nepal. Anjali Kaur, Deputy […]
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Nepal Oil Corporation Commences Construction of Petroleum Storage Facility in Rupandehi
In a significant development, the Nepal Oil Corporation (NOC) has embarked on the construction of a modern petroleum storage facility along the banks of the Rohini River in Rupandehi. The construction project, spanning the boundary areas of Omsatiya and Rohini Rural Municipalities, commenced with the joint inauguration led by Manjit Kumar Yadav, Chairperson of Omsatiya […]
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World Bank to Lead Funding for 1,063 MW Upper Arun Hydropower Project in Nepal
In a significant development, the World Bank has agreed “in principle” to spearhead the financing efforts for the ambitious 1,063 MW Upper Arun hydropower project in Sankhuwasabha, Nepal, announced the Finance Ministry on Friday. The Upper Arun project, situated along the Arun River in eastern Nepal, is projected to require an investment of $1.71 billion. […]
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Nepal Finance Minister Advocates for Increased World Bank Support in Washington Meeting
Nepal’s Finance Minister, Barsa Man Pun, recently met with Akihiko (Aki) Nishio, Vice President of Development Finance, and Guangzhe Chen, Vice President for Infrastructure, at the World Bank in Washington. During the meeting, Minister Pun expressed gratitude to Vice Chairman Akihiko (Aki) Nishio for agreeing to host the 21st meeting of the International Development Association […]
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Nepal-Bangladesh Commerce Talks Set to Bolster Economic Relations
Nepal and Bangladesh are gearing up for a commerce secretary-level meeting in Kathmandu, focusing on fortifying economic ties and regional connectivity. However, the long-awaited bilateral Preferential Trade Agreement (PTA) won’t be addressed during the discussions, according to informed sources. The two-day meeting, to be chaired by Commerce Secretary Dinesh Kumar Ghimire from Nepal and Commerce […]
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Investment Board Nepal Approves Rs99.18 Billion for Four Energy Projects
Investment Board Nepal (IBN) has given the green light to proposed investments totaling Rs99.18 billion for four significant energy projects, following a board meeting chaired by Prime Minister Pushpa Kamal Dahal. During the meeting, held on Thursday, estimated investments were approved as follows: Rs34.59 billion for the 166 megawatt Super Tamor Hydroelectric Project in Taplejung; […]
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