Nepal economy news
NEPSE Rallies Higher as Bullish Sentiment Prevails
The Nepal Stock Exchange (NEPSE) has extended its bullish run, surging by 23.94 points on Tuesday, the third trading day of the week. This upward momentum has further solidified NEPSE’s position, with the benchmark index closing at 2115.94 points, reflecting a 1.14 percent gain. The robust trading activity and positive market sentiment have fueled optimism […]
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Nepal’s Bank Deposits Surge, Loans Decline
Nepal’s banking sector has witnessed a notable shift in financial dynamics, according to the latest statistics released by the Nepal Bankers’ Association. While bank deposits have surged by a staggering Rs 26 billion in the month of Baisakh (April/May) of the current fiscal year, bank loans have contracted by Rs 15.19 billion during the same […]
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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 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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Bhairahawa Customs Revenue Falls Short
The Bhairahawa Customs Office, a crucial hub for Nepal’s import and export activities, is facing a significant shortfall in revenue collection for the current fiscal year. With only two months remaining, the office has achieved a mere 51% of its revenue target, raising concerns about the potential impact on Nepali businesses, the local market, and […]
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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, […]
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Nepal Forex Rates: May 13, 2024
In the dynamic world of international finance, staying informed about foreign currency exchange rates is crucial for businesses, travelers, and individuals engaged in cross-border transactions. The Nepal Rastra Bank (NRB), the country’s central bank, has released the latest forex rates for May 13, 2024, providing valuable insights for those operating in the Nepali market. According […]
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Above-Normal Monsoon: Relief for Nepal’s Farm Economy
Good news for Nepal’s farming community and agro-based businesses! Meteorologists from South Asia are forecasting above-normal monsoon rainfall for most parts of the region, including Nepal. This prediction has raised hopes for a bountiful harvest, potentially reviving the country’s farm-dependent economy. According to a statement released by the 28th Session of the South Asian Climate […]
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Nepal Inks Landmark Deal with Croatia for Trade and Tourism Boost
In a major development for Nepal’s business landscape, the Nepal Chamber of Commerce (NCC) has entered into a landmark agreement with a Croatian business delegation. The Memorandum of Understanding (MoU) focuses on bolstering collaboration in the trade and tourism sectors, opening new avenues for growth and investment. The agreement, aimed at facilitating trade and attracting […]
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