Category: Finance

Kathmandu: The commission investigating the suppression of the Gen-Z movement and the subsequent arson incidents has asked the Social Welfare Council (SWC) to submit details of foreign assistance received by national and international non-governmental organizations (NGOs and INGOs) over the past year. Commission Chairperson Gauri Bahadur Karki confirmed the request, saying it was part of… Continue reading Gen-Z Probe Commission seeks details of foreign aid to NGOs and INGOs

Kathmandu: Saudi Arabia has officially ended its 70-year-old Kafala (sponsorship) system, a move expected to benefit more than 13 million foreign workers, according to the Associated Press (AP). The landmark reform, first announced in June 2025, has now been formally implemented, marking a major shift in the country’s labor framework. The decision will particularly impact… Continue reading Saudi Arabia abolishes 70-year-old Kafala System, benefiting over 13 million migrant workers

Kathmandu: Gold prices soared to a new record in the domestic market on Friday, surging by Rs 7,100 per tola to reach Rs 258,000, according to the Federation of Nepal Gold and Silver Dealers’ Association. The price of fine gold was recorded at Rs 250,900 per tola on Thursday, marking a remarkable weekly gain of… Continue reading Gold hits record high of Rs 258,000 per tola in Nepali market

Kathmandu: Minister for Finance Rameshore Prasad Khanal has called on the international community to visit Nepal, emphasizing the nation’s rich natural beauty and diverse cultural heritage. Speaking at a discussion on “Sustainable Tourism: For Employment, Livelihood, and Economic Growth,” organized by the World Bank Group on Thursday in the United States, Minister Khanal highlighted tourism’s… Continue reading Finance Minister urges global community to visit Nepal

Kathmandu: The price of gold has reached an all-time high in the domestic market today. The price of the yellow metal has increased by Rs 400 per tola (11.66 grams) compared to its price on Tuesday and reached Rs 248,900, today, according to the Federation of Nepal Gold and Silver Dealers’ Association. However, the price… Continue reading Gold price hits all-time high

Kathmandu: Remittance inflows increased 33.1 percent to Rs.352.08 billion in the two months of 2025/26 compared to an increase of 15.8 percent in the same period of the previous year. This is stated in the report – Current Macroeconomic and Financial Situation of Nepal – published by Nepal Rastra Bank (NRB) on October 14. The… Continue reading Remittance inflows reach Rs 352.08 billion in first two months of FY 2025/26

Kathmandu: The government has decided to take a concessional loan of US$100 million (approximately Rs 14.25 billion) from the Asian Development Bank (ADB) to support the Public Financial Management Reform and Service Delivery Transfer Program. A Cabinet meeting held on Thursday approved the borrowing as part of efforts to strengthen the government’s budgetary system through… Continue reading Government to borrow $100 million from ADB for financial reform program

Kathmandu: The Kathmandu Metropolitan City has announced a ban on the supply of imported flowers and flower products within the city during the upcoming Tihar festival. At a press meet held today, the Metropolitan Police Force stated that the decision aims to promote domestic farmers. Similarly, the local government will establish flower supply centers at… Continue reading Imported flowers to be restricted in KMC during Tihar festival

Kathmandu: The Government of Nepal and the Government of the Federal Republic of Germany have signed two important agreements regarding financial and technical assistance. At a programme organised at the Ministry of Finance today, Joint-Secretary at the Finance Ministry, Dhaniram Sharma, on the behalf of the Government of Nepal and Ambassador of Germany to Nepal,… Continue reading Nepal and Germany sign two agreements

Kathmandu: The government has removed Hitendra Dev Shakya from the post of Executive Director of the Nepal Electricity Authority (NEA), appointing Deputy Executive Director Manoj Silwal as his successor. The decision was made during a cabinet meeting on Sunday. Prior to the announcement, NEA Managing Director Kulman Ghising held a one-on-one discussion with Shakya, according… Continue reading Government removes NEA Chief Shakya, appoints Silwal amid leadership shifts