Nepali market news
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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Gold and Silver Prices Dip in Nepali Market
The domestic market for precious metals witnessed a decline in prices today, with both gold and silver experiencing a notable drop. According to the Federation of Nepal Gold and Silver Dealers’ Associations, the price of hallmark gold has decreased by Rs. 700 per tola (11.66 grams), bringing the current trading price to Rs. 139,300. On […]
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NEPSE Rises Slightly, Hotels Lead the Surge
In the latest trading session on Thursday, NEPSE, the Nepali stock market index, saw a modest rise of 5.63 points (0.28 per cent) compared to the previous day, closing at 1966 points. The positive momentum was driven by gains in various sectors, particularly the hotel and tourism group. The market witnessed fluctuations with 115 companies […]
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Xiamen Golden Dragon Partners & Koshi NK Motors to setup Nepal’s first EV Assembly Plant
In a groundbreaking move for Nepal’s automotive industry, Xiamen Golden Dragon, a leading Chinese vehicle manufacturing company, is set to establish the nation’s first-ever electric vehicle (EV) assembly plant. The company has inked a historic deal with Koshi NK Motors Pvt. Ltd., a Nepali firm, to invest a massive Rs. 300 Crore (Rs. 3 Billion) […]
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Nepal Gears Up to Host Major World Bank Meeting
Nepal is gearing up to host a major international economic conference, as Finance Minister Barshaman Pun and Martin Rager, Vice President of the World Bank for South Asia, convened in Kathmandu to discuss preparations for the upcoming 21st meeting of the World Bank’s International Development Association (IDA). The high-profile summit, scheduled to take place from […]
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Nepal Investment Summit 2024: Projects Worth Rs 9.13 Billion Approved
Investments worth a whopping Rs 9.13 billion have recently gotten the nod for four diverse projects in Nepal. These developments come as part of the ongoing 3rd Nepal Investment Summit 2024, signaling promising growth in the nation’s economic landscape. The Department of Industry has greenlit significant investments across various sectors, setting the stage for enhanced […]
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Investment Talks and MoUs Signed as Nepal, Russia Explore Trade Expansion
In a significant move to boost economic cooperation, the Confederation of Nepalese Industries (CNI) and a visiting business delegation from the Russian Chamber of Commerce and Industry held discussions on expanding trade and business ties between Nepal and Russia on Wednesday. The talks focused on exploring investment opportunities and strengthening bilateral relations. During the business […]
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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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