KATHMANDU, March 13: Nepal’s worsening Balance of Payments (BoP) stood at Rs 247.03 billion in the first seventh month of the current fiscal year, which shows a declining pace in the country’s worsening external macroeconomic indicator compared to the previous months.

KATHMANDU, March 6: In a bid to check the outflow of foreign currencies through reduction in expenses on luxury items, Nepal Rastra Bank (NRB) has reduced the gold import quota.

KATHMANDU, Dec 21: Nepal Rastra Bank (NRB) has asked importers of selected luxury items to maintain cent percent cash margin to open letter of credit (LC) accounts, targeting to tighten the noose on the import of such products.

KATHMANDU, Dec 16: Nepal’s balance of payments (BoP) further plunged to negative Rs 150.38 billion in the first four months of the current fiscal year, thanks to falling remittance earnings and widening trade deficit.

KATHMANDU, Sept 24: Nepal recorded a negative Balance of Payments (BoP) worth Rs 38.75 billion in the first month of the current fiscal year, exerting pressure on the foreign currency reserve held by the country.

KATHMANDU, July 16: Nepal’s balance of payments (BoP) turned negative in the last two years on soaring imports and a fall in the net inflow of foreign direct investment (FDI).

KATHMANDU, March 23: The government has lifted a ban on import of the luxury vehicles that had been in place since the government enforced a nationwide lockdown on March 24 last year.