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Nepal Airlines Soars: Revenue Hits NPR 14.69 Billion in 10 Months as International Flights Stabilize

Nepal Airlines Corporation (NAC) recorded a significant 24.91% increase in revenue, reaching NPR 14.69 billion during the first ten months of the current fiscal year. This financial boost is driven by an increase in passenger numbers, smooth operational management, and highly lucrative international routes, with Tokyo's Narita sector leading the growth.

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Nepal Airlines Soars: Revenue Hits NPR 14.69 Billion in 10 Months as International Flights Stabilize

The national flag carrier, Nepal Airlines Corporation (NAC), has generated NPR 14.69 billion in revenue from passenger ticketing and cargo services during the first ten months (Shrawan to Baishakh) of the current fiscal year 2082/83. This marks an impressive 24.91% growth compared to the same period last fiscal year, which stood at NPR 11.76 billion. The airline's passenger volume also saw a substantial rise, flying 536,011 passengers—an increase of approximately 87,000 travelers compared to the 449,000 recorded in the previous year's review period. According to corporation officials, this financial turnaround is primarily credited to the uninterrupted operation of all four aircraft in its international fleet, the absence of major technical groundings, and overall improvements in flight management. Geographically, the Kathmandu-Narita (Japan) sector emerged as the most profitable route for the carrier, generating NPR 4.83 billion by flying over 63,000 passengers. Additionally, routes to Doha, Dubai, and Delhi contributed significantly to the revenue stream. Building on this momentum, NAC spokesperson Devendra Pun stated that the corporation has laid out a strategic roadmap to further expand its passenger base and commercial operations in the upcoming fiscal year.

Nepal Rastra Bank Publishes Thursday's Foreign Exchange Rates; US Dollar at Rs. 149.61

Nepal Rastra Bank (NRB) has published the official foreign exchange rates for Thursday. The buying rate of one US dollar has been fixed at Rs. 149.61 and the selling rate at Rs. 150.21. The British Pound Sterling has recorded the highest value among the major currencies listed, with a selling rate of Rs. 200.16.

Gold Price Plunges by Rs. 5,900 Per Tola on Dhanteras; Silver Also Declines

Gold and silver prices recorded a sharp decline in the Nepali market on Friday, Kartik 20, coinciding with Dhanteras. Gold fell by Rs. 5,900 per tola to Rs. 283,000, while silver dropped by Rs. 110 per tola.

Nepal's VAT Collection Exceeds Target as Consumer Reward Scheme Boosts Tax Compliance

Nepal's VAT collection exceeded its first-quarter target in FY 2083/84, reaching Rs. 41.04 billion, up 10% compared to the same period last year. The increase comes after the Inland Revenue Department introduced a consumer reward scheme encouraging people to demand bills when making purchases.

Nepal Estimates $5 Billion Needed for Reconstruction After Bhotekoshi-Trishuli Disasters

Finance Minister Dr. Swarnim Wagle has estimated that Nepal will require approximately $4.7 billion to $5 billion for reconstruction following the disasters in the Bhotekoshi and Trishuli regions. The government is preparing a phased financing plan, including financial support from India, China, the World Bank and the Asian Development Bank (ADB).

Maya Khola Hydropower's Net Profit Surges 124.52% to Rs 6.38 Crore in Q1

Maya Khola Hydropower Company Limited (MKHC) has reported a 124.52 percent increase in net profit, earning Rs 6.38 crore in the first quarter of FY 2083/84, compared to Rs 2.84 crore in the same period last year. Higher electricity sales revenue and lower interest expenses supported the company's improved profitability.

Khani Khola Hydropower Turns Profitable, Reports Rs 3.65 Crore Net Profit in Q1

Khani Khola Hydropower Company Limited (KKHC) has made a remarkable financial turnaround, reporting a net profit of Rs 3.65 crore in the first quarter of FY 2083/84, compared to a net loss of Rs 1.89 crore in the same period last year.