Mustang Customs collected NRS 1.7844 billion in revenue in just 15 days as imports through the northern Korala border surged following the closure of the Rasuwagadhi–Kerung and Tatopani crossings.
Kathmandu Metropolitan City has sought federal government approval to convert the Nepal Airlines Corporation (NAC) building at New Road into a multi-storey parking facility to address the capital’s growing parking shortage.
Gold increased by NRs 1,200 per tola while silver gained NRs 60 per tola in the Nepali market on Sunday.
Nepal’s benchmark NEPSE index rebounded strongly on Thursday, gaining 27.94 points (1.10%) to close at 2,559.49, following a 13.85-point decline in the previous session.
The government estimates that NRS 95.42 billion will be required for immediate and long-term recovery measures, including removing flood debris, reducing disaster risks and ensuring inclusive rehabilitation following the Bhotekoshi floods.
Finance Minister Dr. Swarnim Wagle has announced five special economic packages, including a 10–12 point policy reform plan for the sluggish capital market expected to be introduced within a week.
The government has intensified monitoring of the LPG market following the appointment of Industry, Commerce and Supplies Minister Deepak Kumar Shah, with a Kathmandu shop fined NRS 300,000 for selling cooking gas above the government-set price.
Prime Minister Balendra Shah has resumed meetings with leading entrepreneurs, holding discussions with Binod Chaudhary, Pawan Golyan, Umesh Shrestha and Chandra Dhakal on Nepal’s economic challenges and ways to revive business activity.
RSP lawmaker Ashika Tamang has criticized the government over the ongoing gas shortage, warning that repeatedly changing ministers to address the problem could create a longer line of ministers than gas cylinders.
Finance Minister Dr. Swarnim Wagle has rejected concerns over government interference in Nepal Rastra Bank, saying the government will not unnecessarily influence the central bank’s monetary policy, circulars, or decisions.
Gold and silver prices recorded a sharp decline in the Nepali market on Friday, with gold falling by NRS 4,800 per tola and silver dropping by NRS 255 per tola.
United Idi Mardi and RB Hydropower Limited has proposed a 5% bonus share dividend along with 0.26% cash dividend for tax purposes from its profit for FY 2082/83.