'Dispersing liquidity in the market becoming difficult as demand remains low' Amid internal and external pressures that have caused the country to fall into a recession, concerns over the financial situation continue to grow as the new fiscal year approaches. Sangay Sherpa from The Himalayan Times met with Gyanendra Prasad... Business 04 Jul, 2023
Country's exports plunge by 33.30pc The government’s decision to give continuity to the ban on import of certain non-essential items limited the country’s trade deficit to Rs 477.92 billion in the first four months (mid-July to mid-November) of the current fiscal year 2022-23. Business 25 Nov, 2022
Forex reserves increase by $130m in one month Significant improvement in remittance inflow coupled with import restrictions on certain non-essential goods seem to have propped up the country’s foreign exchange reserves, which rose by $130 million in the one-month period between mid-September and mid-October, as per the latest macroeconomic update unveiled by the Nepal Rastra Bank (NRB) today. Business 17 Nov, 2022
Exports plunge 35.71pc, imports down 16.20pc The government’s decision to give continuity to the ban on import of certain non-essential items limited the country’s trade deficit to Rs 359.18 billion in the first three months (mid-July to mid-October) of the current fiscal year 2022-23. Business 31 Oct, 2022
'Stronger dollar to weigh on foreign debt, import bills' ​​​​​​​The Nepali currency depreciated to a fresh all-time low vis-à -vis the US dollar on Thursday as the Indian currency continues to weaken against the dollar after the central bank of the United States hiked interest rates to control inflation, increasing the demand for the US currency. Business 21 Oct, 2022
Traders hopeful for resumption of restricted imports With the government’s ban on the import of automobiles, mobile phones, liquor, and motorcycles set to expire on October 14, traders have their fingers crossed that the restrictions will not be extended again. Business 14 Oct, 2022
Country's trade gap narrows by 9.45 per cent The government’s decision to give continuity to the ban on import of non-essential items listed under 10 categories limited the country’s trade deficit to Rs 244.92 billion in the second month (mid-August to mid-September) of the current fiscal year 2022-23. Business 26 Sep, 2022
Govt decision to extend import restrictions draws flak Economists and traders have criticised the government’s decision to extend import restriction of certain non-essential items, terming the move ‘irrational and politically driven’. Business 01 Sep, 2022
Country's trade deficit narrows by 10.38pc The government’s decision to give continuity to the ban on import of non-essential items listed under 10 categories limited the country’s trade deficit to Rs 116.476 billion in the first month (mid-July to mid-August) of the current fiscal year 2022-23. Business 24 Aug, 2022
Nepal's BoP deficit at Rs 255.26 billion Nepal’s balance of payments (BoP) deficit stood at Rs 255.26 billion in the fiscal year 2021-22 that ended in mid-July compared to a surplus of Rs 1.23 billion recorded in the previous fiscal year, the latest macroeconomic update of Nepal Rastra Bank (NRB) shows. Business 17 Aug, 2022
NTA to launch MDMS on Sept 15 The Nepal Telecommunications Authority (NTA) is set to launch the Mobile Device Management System (MDMS) on September 15 in a bid to control the illegal import of mobile phones into the country. Business 13 Aug, 2022
Nepal cenbank governor sees no need for IMF loan as tourism earnings rise Nepal’s external debt has more than doubled to $7.77 billion in 2022 from $3.8 billion in 2012, according to government estimates. Kathmandu 01 Aug, 2022
