Economy

Labour agreement likely to be reached between Nepal and Saudi Arabia

Saudi Arabia / January 16: With authorities of both Nepal and Saudi Arabia deciding to agree on basic principles of the draft, the labour agreement is likely to be reached between both the countries. In a meeting held in Saudi Arabia, a technical team led by secretary at the Ministry of Labour and Employment Ram […]


Nepal elected member of AIIB Board of Directors

Kathmandu / January 16: Nepal has been elected to the Asian Infrastructure Investment Bank (AIIB) Board of Directors. The ongoing meeting of the Bank in Beijing of China nominated Nepal as the member of the Board today. Nine countries from the Asia including China, the UAE, Indonesia, Russia and India, two non-Asian countries Britain and […]


‘High Time for Economic Revolution’, argues FNCCI President Murarka

Chitwan / January 11: Federation of Nepalese Chamber of Commerce and Industries (FNCCI) President Pashupati Murarka has argued that it’s high time an economic revolution is waged in the country. Inaugurating the 49th annual general assembly of FNCCI-Chitwan Chapter in Chitwan district today, President Murarka urged one and all to be united for economic development […]


Upgradation of Gautam Buddha airport resumes

Rupandehi / January 10: The construction work of Gautam Buddha International Airport that halted due to Indian unofficial blockade and Tarai protest four months ago, has resumed. The project director Om Sharma said that as part of the upgradation, construction of the runway and international terminal is underway. He added that four percent of the […]


Construction process of big hydel power projects speeding up – IBN

Kathmandu, Jan 8: The process to construct big hydropower projects like the West Seti, Arun III, Upper Tamakoshi and Upper Karnali, what could be milestone projects in coping with country’s energy crisis is speeding up so as to complete them in time, said Investment Board Nepal (IBN). At a press conference in the Capital today, […]


Nepal Chamber Expo-2072 kicks off at Bhrikutimandap

Kathmandu / January 7: The Nepal Chamber Expo-2072 has kicked off at Bhrikutimandap in the capital from today. The expo is organised by Nepal Chamber of Commerce with the cooperation of the Republic of Korea. The five-day exhibition is organised to mark nearly 42 years of the establishment of diplomatic ties between Nepal and the […]


Country’s foreign trade decreases by 35 per cent in past five months

Kathmandu / January 7: The country’s foreign trade has been adversely affected in the past five months, witnessing a sharp fall in the export and import due to obstructions in the major customs points. According to Trade and Import Promotion Center, country’s foreign trade transactions in the first five months dropped by 35.5 per cent […]


Chamber honours former Finance Minister Mahat

Kathmandu / January 6: Former Finance Minister Dr Ram Sharan Mahat has been honoured here Wednesday by the Nepal Chamber of Commerce. The Chamber honoured the former Finance Minister for being declared the ‘Best Finance Minister of the year 2016″ by The Banker Magazine, co publication of London-based reputed The Financial Time. The Magazine decided […]


One industrial estate in each federal state: Minister Pandey

Butwal / January 2: Minister for Industry Som Prasad Pandey said the government was preparing to establish one big industrial estate in each of the seven provincial states. In an interaction organized by Butwal Chamber of Commerce and Industry here, Minister Pandey said the government was in course of identifying and searching for at least […]


Additional 90 MW electricity to be brought from India

Kathmandu / January 1: The Nepal Electricity Authority (NEA), the state-owned power utility, is gearing up to import additional 90 megawatt (MW) of electricity from India by January end in view of easing off the power outage in the country. The installation of Dhalkebar-Mujjafarpur inter-country transmission line is due in a month and technical test […]




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