Category: Finance

Kathmandu: The price of gold surged to an all-time high of Rs 187,000 per tola in the domestic market on Thursday, marking a sharp rebound of Rs 2,700 in a single day, according to the Federation of Nepal Gold and Silver Dealers’ Association. The precious metal was traded at Rs 184,300 per tola on Tuesday,… Continue reading Gold hits record high of Rs 187,000 per tola in Nepali market

Kathmandu: Qatar Airways has expressed interest in increasing its flight frequency to Nepal, according to the Civil Aviation Authority of Nepal (CAAN). During a meeting held on the sidelines of the ICAO Facilitation Conference in Qatar, CAAN Director General Pradeep Adhikari and Chairman of Qatar Civil Aviation Authority, Mohammed bin Faleh Al Hajri, discussed the… Continue reading Qatar Airways shows interest in increasing flights to Nepal

Kathmandu: Minister for Forests and Environment, Ain Bahadur Shahi Thakuri, has emphasized the need to promote ecotourism in conservation areas and link it directly with improving local livelihoods. Speaking at the inaugural event of the 30th Wildlife Week organized by the Department of National Parks and Wildlife Conservation, Minister Shahi stated that conservation areas should… Continue reading Minister stresses ecotourism, livelihood link at 30th wildlife week

Kathmandu: The price of gold in Nepal soared to an all-time high of Rs 185,000 per tola on Friday, marking a sharp single-day increase of Rs 3,900, according to the Federation of Nepal Gold and Silver Dealers’ Association. This surge follows a significant jump of Rs 5,700 on Thursday, continuing a bullish trend in the… Continue reading Gold hits record high of Rs 185,000 per tola in Nepali market

Kathmandu: The United Arab Emirates (UAE) government has launched a two-month amnesty program that allows Nepali nationals living illegally in the country to return home without facing penalties. The initiative, which started on September 1 and will run until October 30, provides an opportunity for foreign workers and tourists whose visas have expired or who… Continue reading UAE offers amnesty program for illegal foreign workers

Kathmandu: Nepal and India have signed a new Memorandum of Understanding (MoU) aimed at enhancing bilateral cooperation in agricultural science and technology, replacing the previous agreement signed in December 1991. The MoU was signed in Kathmandu by Nepal’s Minister for Agriculture and Livestock Development, Ramnath Adhikari, and India’s Minister for Agriculture, Farmers Welfare and Rural… Continue reading Nepal and India sign new MoU to strengthen agricultural cooperation

Kathmandu: Prime Minister KP Sharma Oli has instructed ministers and secretaries to prioritize increasing production and employment in the upcoming fiscal year’s budget. During a meeting held at the Prime Minister’s Office in Singha Durbar on Thursday, PM Oli emphasized that the budget must reflect national needs and priorities. He said good governance is essential… Continue reading PM Oli directs focus on production and employment in upcoming budget

Kathmandu: Nepal has initiated groundwork to exit the Financial Action Task Force (FATF) grey list, with a key meeting of the Asset Laundering Prevention Directive Committee held on Monday to finalize and implement a national action plan. The meeting decided to enforce a detailed plan outlining responsible agencies, specific activities, and deadlines to address shortcomings… Continue reading Nepal begins preparations to exit FATF grey list

Kathmandu: Nepal’s economy is projected to grow 4.5 percent in FY25, up from 3.9 percent in FY24, despite significant natural disasters in late 2024. Growth is expected to be driven by increased domestic trade, hydropower generation and paddy production, according to the World Bank’s latest Nepal Development Update: Leveraging Resilience and Implementing Reforms for Boosting… Continue reading Nepal’s Economy Expected to Remain Resilient in Face of Economic Shocks, says World Bank

Kathmandu: Nepal’s digital financial sector is rapidly expanding, driving financial inclusion and economic growth, according to a flagship report launched by the International Finance Corporation (IFC) and Nepal Rastra Bank (NRB). The report outlines key milestones achieved through two major projects: Access to Financial Services, supported by Japan and the United Kingdom, and Digital Financial… Continue reading Digital financial services transforming Nepal’s economy, says IFC-NRB report