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’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 has welcomed more than one million foreign tourists via air in the first 11 months of 2024, according to the Nepal Tourism Board (NTB). From January to November, a total of 1,055,533 international visitors arrived, signaling strong recovery in the tourism sector. Despite this progress, reaching the annual target of 1,315,000 tourists seems unlikely. … Read more