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Flydubai Approved for Daily Direct Flights to Pokhara Starting September

The Civil Aviation Authority of Nepal (CAAN) has officially cleared Flydubai to launch daily direct flights between Dubai and Pokhara International Airport starting September 23, marking a monumental shift for the region's tourism and international transit network.

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Flydubai Approved for Daily Direct Flights to Pokhara Starting September

The Civil Aviation Authority of Nepal (CAAN) has formally cleared Flydubai’s daily flight schedule for the Pokhara-Dubai route, directly targeting an unlocking of the regional economy starting September 23. The entry of the premium low-cost carrier is viewed by economic analysts as a critical development for protecting the estimated Rs 100 billion in private hospitality and tourism investments currently anchored in Pokhara. Prior to securing clearance, Flydubai dispatched a specialized technical team to audit the airport’s infrastructure, safety systems, and operational parameters against international benchmarks. Local business leaders and Pokhara Metropolitan City Mayor Dhana Raj Acharya anticipate that plugging into Flydubai’s network of over 300 global destinations will finally commercialize the Rs 22 billion international airport asset, while simultaneously offering a structural solution to the chronic traffic congestion stifling Kathmandu’s Tribhuvan International Airport.

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.