On July 16, 2025, the Government of Nepal conferred the prestigious Commercially Important Person (CIP) awards upon 30 individuals and organizations for their significant contributions to the nation’s economic development, particularly in the export and trade sectors. The ceremony, held in Kathmandu, was organized in collaboration with the Nepal Federation of Industries and Commerce. Awardees … Read more
Nepal is set to establish a consulate in Visakhapatnam, marking a significant move to bolster trade, tourism, and cultural ties with India. This strategic initiative reflects Nepal’s growing focus on enhancing regional collaboration and fostering closer relationships with Indian states. The establishment of the consulate coincides with the signing of a landmark Memorandum of Understanding … Read more
The US dollar has reached a historic peak in Nepal, as revealed by the latest exchange rates published by Nepal Rastra Bank on Friday. This marks the third consecutive day of record-breaking highs for the currency. Key Highlights: US Dollar: Today: Buying rate: NPR 135.83, Selling rate: NPR 136.42 Yesterday: Buying rate: NPR 135.63, Selling … Read more
Nepal and South Korea have officially signed a bilateral Trade and Investment Promotion Framework (TIPF) agreement, marking a significant milestone in their diplomatic and economic relations. The agreement was signed by Nepal’s Minister for Industry, Commerce, and Supplies, Damodar Bhandari, and South Korea’s Trade Minister, Inkyo Cheong, during a ceremony held in Seoul, the capital … Read more
Nepal exported electricity valued at Rs 12.72 billion to India during the first quarter of the current fiscal year, according to the Nepal Electricity Authority (NEA). A total of 1.667 billion units of surplus electricity, generated during the rainy season, were sold to India at an average rate of Rs 7.63 per unit. The NEA … Read more
Nepal’s Minister for Industry, Commerce, and Supplies, Damodar Bhandari, has announced that foreign investors can now apply for investments of up to Rs 500 million in Nepal from abroad. Speaking at the 29th Partnership Summit, held in New Delhi, India, Bhandari emphasized that Nepal has introduced an automated online platform for pre-approval of foreign investment … Read more
Nepal’s export trade, which had faced continuous declines during the first three months of the current fiscal year, showed signs of recovery in the fourth month. According to the Department of Customs, exports increased by 4.16% to reach Rs. 52.67 billion during the first four months of the fiscal year 2024/25 (mid-July to mid-November). This … Read more
Nepal’s foreign trade has witnessed a positive shift in the fourth month of the current fiscal year. Exports increased by 4.16% to reach Rs 52.67 billion, while imports grew marginally by 0.17%, totaling Rs 513.38 billion, compared to Rs 512.50 billion during the same period last year. According to data from the Department of Customs … Read more
Nepal has been awarded a ‘BB Minus’ sovereign credit rating by Fitch Ratings, ranking it second in South Asia, just below India, and ahead of other nations in the region. The rating highlights Nepal’s robust foreign currency reserves and signs of economic recovery, which are expected to support the country’s growth prospects. Fitch Ratings conducted … Read more
The Mechi Customs Office reported a significant 69.22% increase in tea exports from Nepal during the first four months (Saun-Kartik) of the current fiscal year. A total of 8,062.16 metric tonnes of tea were exported, generating Rs 2.20 billion in revenue, up from Rs 1.31 billion during the same period last year. Ganapati Kandel, Information … Read more