KATHMANDU, Oct 22: Merchandise exports decreased 34.9 percent to Rs.28.68 billion during the first two months of 2022/23, as against an increase of 115.4 percent in the same period of the previous year, Nepal Rastra Bank (NRB) stated in its report entitled Current Macroeconomic and Financial Situation of Nepal (Based on Two Months’ Data Ending Mid-September, 2022/23) released on Friday.
KATHMANDU, OCT 17: Nepali cement manufacturers have stepped up their efforts to export local cement after the government enforced providing eight percent cash incentives on the export of construction material.
KATHMANDU, Oct 12: The two-day Nepal Green Hydrogen Summit has been concluded by brainstorming on issues such as the state of hydrogen production technology, investment potential and policy management.
BIRGUNJ, Sept 10: Rice traders in the Bara and Parsa industrial corridor have said that the decision of the Indian government to impose 20 percent customs duty on export of rice and paddy will have a direct impact on the Nepali market.
KATHMANDU, August 21: Electricity worth nearly Rs 2 billion has been exported to India in the first month of the current fiscal year 2022/23. Nepal Electricity Authority (NEA) has exported electricity worth Rs 1.84 billion in the one month period from mid-July to mid-August of the current FY.
KATHMANDU, August 18: Nepal Electricity Authority (NEA) has revealed that working on making the country self-reliant in hydropower and exporting surplus hydroelectricity to neighboring countries remained its long-term goals. Speaking at the NEA’s 37th Anniversary Program held on Wednesday, dignitaries attending the program including NEA’s Managing Director Kul Man Ghising shared the plans of the authority.
KATHMANDU, August 4: Following the government’s decision to restrict the selling of wood products produced from forests, the import of furniture and wood has skyrocketed in the country. While there is a shortage of dollar reserves in the country, about Rs 18 billion went out of the country in the fiscal year 2021/22 alone due to the increase in the import of wood, furniture, and furnishing materials. On the other hand, wood materials produced from the forests of Nepal are decaying.
BHAKTAPUR, July 31: While Nepal is increasingly becoming dependent on other countries for a majority of commodities, it remains self-reliant in the grill and steel business. Businessmen have said that if it is given more emphasis, export to foreign countries could also be probable soon.
KATHMANDU, July 20: The export of steel rod from Nepal has started for the first time to India. Bhairahawa-based Shree Steel has exported a truckload of steel rods through Belhiya customs point on Wednesday.
KATHMANDU, July 15: Nepal Electricity Authority (NEA) has exported electricity worth Rs 2.15 billion to India in one and a half months. The authority sold electricity equivalent to the aforementioned amount at a competitive rate in the Indian Energy Exchange (IEX) market.
KATHMANDU, July 13: Export through the dry port at Chobhar in Kathmandu has begun by transporting a truck laden with home-made woolen items to Denmark for the first time on Tuesday, according to the Chobhar Customs Office.
CHITWAN, June 2: Chitwan district exports as much as 174,800 liters of milk daily. According to the Veterinary Hospital and Livestock Service Expert Center Chitwan, 55 percent of the milk produced in the district is exported to other districts in the country.
KATHMANDU, May 2: Nepal’s export of processed palm oil along with the manufactured goods using this oil are likely to face a serious hit after Indonesia imposed a ban on the export of palm oil citing the ongoing shortage of edible oil triggered by the Russia-Ukraine war.
KATHMANDU, April 22: The country has witnessed an increase in its exports by 69.44 percent in the last nine months of the current fiscal year 2021/22, compared to corresponding period of the last fiscal year 2020/21.
KATHMANDU, March 30: Finance Minister Janardan Sharma has said that the budget for the coming Fiscal Year 2022/23 will be prepared in a way that everyone will feel a sense of ownership for the budget programs.
KATHMANDU, Dec 7: Nepal Electricity Authority (NEA) has started importing 70 MW of electricity daily from India. The NEA has started importing power from India after the domestic electricity could not meet the demand of peak hours due to declining production of Nepal's hydropower projects.
KATHMANDU, Nov 18: Despite the abundant potential for coffee cultivation in Nepal, production of this valuable seed has not increased. Although there is a high demand for this product in Nepal, the cultivation of coffee has not flourished much.
KATHMANDU, March 22: Imports have risen as economic activities, which slowed down due to COVID-19, have resumed in the country. The import has increased as the consumption has increased in the country.
KATHMANDU, Aug 28: Export earnings from goods identified by the Nepal Trade Integration Strategy (NTIS) 2016 as having high export potential fell by 18.65% in the last fiscal year, mainly due to lack of quality branding of products in the international market.
NEW DELHI, April 7: India, the world’s main supplier of generic drugs, has lifted restrictions on the export of 24 pharmaceutical ingredients and medicines made from them, the government said in a statement.
KATHMANDU, Dec 16: The Department of Food Technology and Quality Control (DoFTQC) has begun upgrading its laboratory to provide internationally accepted quality certification on additional 75 parameters to facilitate exports of edible commodities.
KATHMANDU, Dec 15: Nepali handicraft, one of the main export items of the country, has never really picked up due to failure of maintaining quality assurance in the international market, traders said on Saturday.
KATHMANDU, Nov 30: Trade deficit of the country shrunk by 8.9% in the first four months of the current fiscal year – FY2019/20 to Rs 414.02 billion compared to the corresponding period of the previous fiscal year.