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Private sector enthusiasm stagnates as foreign trade declines in the first month of current FY
August 24, 2024 20:40 pm
KATHMANDU, Aug 24: The economic slowdown seen over the past two fiscal years has persisted into mid-July of the current Fiscal Year 2024/25. In the import-dependent Nepali economy, both imports and exports in Shrawan (mid-July to mid-August) have decreased compared to the previous year.
Customs revenue accounts for 40 percent of Nepal’s total revenue in FY 2023/24
July 24, 2024 10:10 am
KATHMANDU, July 24: Customs revenue contributed around 40 percent of the total revenue collection by the government in the last Fiscal Year (FY) 2023/24.
Govt collected Rs 27.56 billion in customs revenue, only half of the target last month
November 19, 2023 22:48 pm
KATHMANDU, Nov 19: The government collected only half of the targeted revenue from foreign trade in the past one month, mainly due to the fall in imports along with a surge in smuggling through the open border with India.
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