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
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 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