nepal business climate
Revival of Gorakhkali Rubber Udhyog
In a significant move to revive ailing public enterprises, the Nepali government has unveiled a policy to resume the operation of sick public enterprises, including the Gorakhakali Rubber Udhyog. This announcement was made by President Ramchandra Paudel while presenting the government’s policy and program for the upcoming fiscal year of 2081/82 BS (2024/2025). President Paudel […]
Read More
Nepali Businessman Sharma Appointed as Kyrgyzstan’s Honorary Consul
In a move to strengthen economic ties between Nepal and Kyrgyzstan, Ramesh Sharma, the Secretary General of the Nepal-India Chamber of Commerce and Industry, has been appointed as the Honorary Consul General of Kyrgyzstan to Nepal. The flag hosting and inauguration ceremony was held in the presence of Non-residential Ambassador to Nepal, Askar Beshimov. Sharma, […]
Read More
Nepal’s Economic Roadmap: Bridging Policy and Progress
Nepal’s Economic Roadmap: Bridging Policy and Progress In a thought-provoking interaction organized by the Institute for Strategic and Socio-Economic Research (ISSR) and Khabarhub at the Pavilion Hall in Kathmandu, experts and key figures delved into the intricate relationship between monetary and fiscal policies, underscoring their pivotal roles in addressing contemporary economic and social challenges. The […]
Read More
First MCC construction contract awarded – Butwal Substation Deal Signed
In a significant stride towards bolstering Nepal’s energy infrastructure and facilitating cross-border energy trade, the Millennium Challenge Account-Nepal (MCA-Nepal) has inked a contract agreement for the construction of the New Butwal Substation. This pivotal project is being funded through a grant from the US Mission Millennium Challenge Corporation (MCC), marking the first construction contract under […]
Read More
Tax Reforms and Economic Growth: Finance Minister’s Assurance
Nepal’s Finance Minister Emphasizes Need-Based Tax Reforms Kathmandu, May 5: In a significant move to promote economic growth and address industry concerns, Finance Minister Barsha Man Pun has assured that the tax rates for the upcoming fiscal year will be revised based on need and relevance. Speaking during a meeting with youth industrialists and IT […]
Read More
Tax Reforms and Economic Growth: Finance Minister’s Assurance
Nepal’s Finance Minister Emphasizes Need-Based Tax Reforms Kathmandu, May 5: In a significant move to promote economic growth and address industry concerns, Finance Minister Barsha Man Pun has assured that the tax rates for the upcoming fiscal year will be revised based on need and relevance. Speaking during a meeting with youth industrialists and IT […]
Read More
Nepal Business News: Loans, Elections, Currency Update
Nepal Government Approves World Bank Loan for Development Projects Kathmandu, May 3: In a significant move to boost the country’s economy, the Nepal government has given the green light for a concessional loan of around Rs 13.33 billion from the World Bank. This decision was announced during a press conference held at the Ministry of […]
Read More
Nepal’s Investor-Friendly Climate Lauded at Investment Summit 2024
The third Nepal Investment Summit 2024 has served as a platform for national and international entrepreneurs to showcase Nepal’s investment-friendly climate and abundant opportunities. During the session ‘Success Stories of Investment in Nepal,’ participants shared their experiences of thriving businesses in the Himalayan nation and expressed optimism about the prospects of investing in various sectors. […]
Read More
Nepal Investment Summit 2024 Hailed as ‘Grand Success’ by Finance Minister
Finance Minister Barshaman Pun has declared the recently concluded third Nepal Investment Summit-2024 a resounding success, citing the enthusiastic participation of development partners and the government’s efforts to create an investment-friendly environment. During a sideline meeting with representatives from the World Bank, Asian Development Bank, International Monetary Fund, the United Nations Development Programme (UNDP), and […]
Read More
Nepal Focuses on Diversifying Energy Mix: Experts Advocate for Hydrogen, Solar, and Wind Power
During the Himalayan Hydro Expo 2024, organized by the Independent Power Producers’ Association, Nepal (IPPAN), stakeholders and experts converged to discuss the pressing need for diversifying Nepal’s energy mix. The session, titled “Pioneering the Clean Energy Synergy,” shed light on the immense potential of alternative energy sources, including hydrogen, solar, and wind power, alongside the […]
Read More