Category: Finance

Kathmandu: Two hundred and twenty-nine electric jeeps, cars and vans worth Rs 680 million 500 thousand have been imported through the Birgunj checkpoint in the first three months of the current fiscal year 2025/26. Compared to the three months of the previous fiscal year, 2024/25, the import of electric vehicles has surged in the same… Continue reading EV import increases in Nepali market

Kathmandu: For the first time, frozen French fries produced in Nepal have been exported to the United States. First Choice Foods Pvt. Ltd., a company based in Rupandehi, exported two containers (43,520 kilograms) of frozen French fries through the Bhairahawa Customs Office on Tuesday. According to the customs office, the shipment is valued at $38,480… Continue reading Nepal exports locally produced frozen french fries to U.S. for the first time

Kathmandu: Asian Development Bank (ADB), the World Bank Group’s International Development Association (IDA), and the Swiss Agency for Development and Cooperation (SDC) have signed a three-year Memorandum of Understanding (MoU) to support Nepal in strengthening disaster risk management and building climate-resilient infrastructure. Nepal is increasingly vulnerable to climate-related hazards such as floods, landslides, droughts, and… Continue reading ADB, World Bank, and SDC sign three-year pact to strengthen Nepal’s climate resilience

Kathmandu: Government of South Korea is set to establish a visa center in Nepal to facilitate Nepali workers seeking employment opportunities in the country. During a meeting with Finance Minister Rameshore Khanal, South Korean Ambassador Park Tae-young announced that the visa center would be launched soon. The envoy urged the Government of Nepal to help… Continue reading South Korea to open visa center in Nepal to support migrant workers

Kathmandu: The Ministry of Labour, Employment and Social Security has informed that the 10-point criteria set by the Malaysian government for Foreign Employment Recruitment Companies of five countries, including Nepal can in no way be accepted. Spokesperson of the Ministry, Pitambar Ghimire informed that the Ministry has officially written to convey this message to the… Continue reading Labour Ministry shows reservation on foreign employment criteria of Malaysian government

Kathmandu: Price of gold increased by Rs 700 per tola on Sunday, reaching Rs 239,700, according to the Federation of Nepal Gold and Silver Dealers’ Association. The previous trading day’s price stood at Rs 239,000 per tola, marking a rise of Rs 2,700 on Friday. Gold had earlier hit a record high of Rs 258,000… Continue reading Gold price rises by Rs 700 per tola, silver declines slightly

Kathmandu: Private airlines operating on the Ramechhap–Kathmandu route have decided to reduce their flights to once a week, down from three weekly flights, citing a decline in passenger numbers. During the monsoon season, when the BP Highway was frequently closed and major festivals caused travel disruptions, local groups such as the Shantideep Youth Club and… Continue reading Airlines companies reduce Ramechhap–Kathmandu flights to once a week

Kathmandu: Government of Japan has announced a grant assistance of 2.8 billion yen (approximately Rs 2.6 billion) to support the “Emergency Rehabilitation of Sindhuli Road Affected by Floods.” According to a press release issued by the Embassy of Japan in Nepal on Thursday, the Exchange of Notes for the grant was signed by Japanese Ambassador… Continue reading Japan provides Rs 2.6 billion grant to rehabilitate flood-damaged Sindhuli road

Kathmandu: Nepal and India have signed agreements to jointly develop two 400 kV cross-border transmission line projects aimed at strengthening electricity connectivity and power trade between the two countries. The Joint Venture and Shareholders’ Agreements (JV&SHA) for the Inaruwa–New Purnea and Lamki Dododhara, Bareilly transmission lines were signed in New Delhi on Wednesday in the… Continue reading Nepal, India sign pact to build two 400 kV cross-border transmission lines

Kathmandu: Gold prices continued to fall in the Nepali market on Tuesday, dropping by Rs 2,900 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association. The price of fine gold has been fixed at Rs 237,000 per tola, down from Rs 239,900 on Monday. The precious metal has been on a… Continue reading Gold price falls by Rs 2,900 per tola in domestic market