The U.S. has introduced new import tariffs of up to 12.5% on goods from 60 major trading partners, citing insufficient efforts to combat forced labor in supply chains.
The Nepal Stock Exchange (NEPSE) bounced back on Thursday, rising 14.17 points to close at 2,726.72, while daily turnover stood at Rs 4.69 billion with Trading sector leading the gains.
Gold prices in Nepal edged higher on Thursday, with hallmark gold increasing by Rs 300 per tola to Rs 291,300, while silver also recorded a gain of Rs 25 per tola.
Floods and landslides triggered by continuous rainfall have damaged the 10 MW Sipring Khola Hydropower Project, forcing a temporary suspension of electricity generation.
Nepal achieved a record-breaking Rs 29.32 billion in electricity export earnings during FY 2082/83, driven by a 62.89% increase in power exports to India and Bangladesh.
Nepal's public debt climbed to Rs 2.97 trillion in FY 2082/83, reaching 45.07% of GDP, with more than 70% of newly borrowed funds used to repay existing loans, according to the Public Debt Management Office.
Nabil Bank has received three prestigious honors at the Euromoney Awards for Excellence, earning recognition as Nepal's Best Bank, Best Bank for ESG, and Best Bank for SMEs for its strong financial performance, digital innovation, and commitment to sustainable banking.
To reduce crop losses caused by monkeys, the Division Forest Office in Arghakhanchi has announced the recruitment of 20 "Monkey Watchers" for deployment in 26 highly affected areas across the district.
Finance Minister Dr. Swarnim Wagle has instructed tax officials to adopt a taxpayer-friendly approach, emphasizing voluntary tax compliance over coercion to achieve the government's Rs 1.6 trillion revenue target.
Nepal's foreign trade reached Rs 2.096 trillion in FY 2082/83, but a sharp rise in imports pushed the country's trade deficit up by 16.63% to Rs 1.781 trillion, according to the Department of Customs.
A month after a new leadership took charge at the Securities Board of Nepal (SEBON), the approval process for initial public offerings (IPOs) remains stalled. Currently, 104 companies seeking to raise over Rs 69.30 billion are awaiting regulatory approval.
The Prime Minister's Office and the Ministry of Finance have dismissed speculation of a rift between Prime Minister Balen Shah and Finance Minister Dr. Swarnim Wagle, saying all economic decisions and meetings with the private sector are being conducted in close coordination.