IAEAN established

KATHMANDU: Businessmen, involved in air cargo express business providing door-to-door service to their clients since long, have formed ‘International Air Express Association of Nepal (IAEAN) here recently. The association, registered at District Administration Office, intends to boost air express business to overseas markets, states a press release. Sita Ram Pant has been appointed president while Mahendra Man Shrestha, Mukunda Mall and Ram Chandra are the vice-president, general secretary and treasurer respectively. — HNS

Transport pact axed

KASKI: Pokhara sub-metropolis has cancelled the transport tax contract with Bhim Kumari Subedi with effective from first week of Shrawan. The decision was taken after the board meeting of the sub-metropolis on Saturday raised questions after a growing public complaints.

— RSS

US economy looks up

WASHINGTON: The economy is holding up well despite high energy prices. Economic activity expanded at an energetic 3.4 per cent clip in the second quarter as consumers and businesses showed they were still in the mood to spend. — AP