Economy

Nepal Imports NPR 1.63 Billion in Liquor in First Seven Months of Fiscal Year

3 months ago

Kathmandu. Liquor worth NPR 1.63 billion was imported by the end of Magh in the current fiscal year 2082/83 (seven months). According to the data published by the Department of...

Upgrading of Prithvi Highway's Aambukhairani-Jamune Section Nears Completion

3 months ago

Tanahun. The upgrading work on the Aambukhairani-Jamune section of the Prithvi Highway has reached 95 percent completion. The cost of this road section, being constructed with loan assistance from the...

US-Israel Conflict with Iran Threatens Strait of Hormuz, Spiking Global Oil Prices

3 months ago

The conflict between the United States and Israel against Iran has extended to the Strait of Hormuz, one of the world's most critical energy routes, leading to a sharp increase...

Gold Price in Nepal Surpasses NPR 328,000 Per Tola Amid Market Fluctuations

3 months ago

The price of gold in the Nepali market has surpassed NPR 328,000 per tola.According to the Federation of Nepal Gold and Silver Traders, the price for hallmarked gold was set...

Farmers in Kailali Turn Riverbeds into Lucrative Onion Farms Along Karnali River

3 months ago

Puniram Tharu from Tikapur Municipality-8 has been cultivating crops on the banks of the Karnali River for the past five years. He has been utilizing the Karnali riverbanks and islands...

Intense Battle Heats Up for Senior Vice President Position at Federation of Commerce and Industry

3 months ago

Kathmandu. As the general elections in the country reach their final stages, the Nepal Chamber of Commerce and Industry (FCCI), the umbrella organization for the private sector, is heating up...

Nepal Rastra Bank Publishes Tuesday's Foreign Exchange Rates

3 months ago

Kathmandu. Nepal Rastra Bank (NRB) has set the foreign exchange rates for today (Tuesday). Accordingly, the buying rate for one US Dollar is set at 146 rupees and six paisa,...

Nepal Oil Corporation Urges Public Against Hoarding Fuel Amid Regular Supply

3 months ago

Kathmandu. The Nepal Oil Corporation (NOC) has urged the general public not to hoard petroleum products as imports are proceeding regularly.NOC's Executive Director Chandika Prasad Bhatta requested against unnecessary stockpiling,...

Nepal Imports Rs 156.1 Million Worth of Colors for Holi Festival

3 months ago

Kathmandu. Colors used in Holi have been imported worth 15 crore 61 lakh rupees. According to the data published by the Department of Customs up to the end of Magh,...

Authorities Prepare for Election Travel Surge Amid Ongoing Road Construction Woes

3 months ago

Kathmandu. Approximately 800,000 people temporarily residing in the Kathmandu Valley are estimated to return to their villages for the Holi festival and Thursday's elections. Consequently, a rush of people heading...

27 International Flights Canceled from Kathmandu Amid Middle East Tensions

3 months ago

Kathmandu. Twenty-seven flights scheduled to depart from Tribhuvan International Airport (TIA) on Sunday have been canceled. The airport office stated that flights from Nepal to those regions were canceled due...

Middle East Tensions Spike Oil Prices, Drive Investors to Gold and Bonds

3 months ago

Sydney. Rising military tensions in the Middle East caused a sharp increase in global crude oil prices on Monday, while investors were drawn to safe-haven assets like gold and bonds....

Nepal Rastra Bank Publishes Foreign Exchange Rates for the Day

3 months ago

Kathmandu. Nepal Rastra Bank (NRB) has set the foreign exchange rates for today (Monday). Accordingly, the buying rate for one US Dollar has been set at 145.27 rupees and the...

Nepal Rastra Bank Directs Financial Institutions to Operate During Public Holidays

3 months ago

Kathmandu. Nepal Rastra Bank (NRB) has directed banks and financial institutions to provide banking services on public holidays.Through a directive, the central bank has requested that bank and financial institution...

Nepal Oil Corporation Assures Public of Uninterrupted Fuel Supply Amid Middle East Tensions

3 months ago

Kathmandu. The Nepal Oil Corporation (NOC) has clarified that the rising tensions in the Middle East will not affect the supply of petroleum products in Nepal. NOC Spokesperson Manoj Thakur...

Nepal's Economy Faces Paradox: Strong External Indicators Clash with Domestic Stagnation, Chamber President Warns

3 months ago

Kathmandu. The country is immersed in elections, with only a few days remaining until they are held. However, the economy is currently navigating a serious paradox.Foreign exchange reserves have surpassed...