KATHMANDU, Feb 2: Nepal imported fresh vegetables worth Rs 22.51 billion during the first six months of the current fiscal year - Rs 3.29 billion more than that of the same period last year.

KATHMANDU, Jan 25: Nepal imported 1,103 units of electric vehicles (EVs) in the first half of the current fiscal year.

KATHMANDU, Jan 14: The total merchandise import increased by 59.5 percent to Rs 838.41 billion in the first five months of the current Fiscal Year 2021/22.

KATHMANDU, Jan 1: Nepal Rastra Bank (NRB) has reduced the mandatory ceiling of opening the letter of credit (LC) account while importing goods from India.

KATHMANDU, Dec 26: Nepal imported mobile phone sets worth Rs 22.97 billion in the first five months of the current fiscal year, which was 10.37 percent more than the imports during the same period in the last fiscal year.

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, Nov 24: Finance Minister Janardan Sharma said the government will take stern measures to reduce imports to maintain the country’s foreign currency reserves.

KATHMANDU, Nov 7: An excess import of flowers has led to large quantities of domestically produced flowers going to waste  during this Tihar, which made the domestic farmers face heavy financial losses.

KATHMANDU, OCT 1: Nepal imported sanitizers worth Rs 56.50 million in the first two months of the current fiscal year.

KATHMANDU, Sept 29: Nepal imported automobiles worth Rs 21.84 billion in the first two months of the current fiscal year, mainly with an increasing purchase of electric vehicles.

RASUWA, July 22: A significant number of vehicles has been imported from China. A total of 568 vehicles, small and big, were imported from China through the Rasuwa customs point, Timure, in the previous fiscal year, 2020/21, said the customs office.

KATHMANDU, March 29: Nepal imported facemasks worth Rs 533.84 million in the first eight months of the current fiscal year.

KATHMANDU, Jan 19: The import of electric vehicles dropped heavily after the government revised the customs duty on environment-friendly automobiles through the budget this year.

KATHMANDU, Dec 19: The Federation of Nepal Printers’ Associations (FNPA) has said that the government’s move to revoke the tariff imposed earlier on the imported books will adversely affect the domestic publishers.

KATHMANDU, Feb 17: Though the government had set a target to keep the consumer price rise below 6 percent, the average inflation has reached 6.41 percent in the first six months of the current fiscal year 2019/20.

KATHMANDU, Aug 3: Though economists are positive about gradual shift of imports through Vishakapatnam from Kolkata, they recommend bringing Electronic Cargo Tracking System (ECTS) into the legal framework, stating that it will end the monopoly of shipping companies.

KATHMANDU, July 24: Forty-five percent of the total land in the country is covered with forest. Despite this, the country's dependence on other countries for timber is growing.

BHAIRAHAWA, May 29: Local farmers have breathed a sigh of relief after the government tightened imports of livestock like goats and sheep from India.

Erosion of political capital

May 7, 2019 01:25 am

The present economic model of Nepal has a number of interesting structural characteristics. First, it focuses on imports. The government gets most of its revenue from import which is the basis for financing public expenditure, mostly regular expenditure necessary for the functioning of the state. In an import-based revenue structure, there is an embedded incentive to maintain luxury imports.

KATHMANDU, April 24: Minister for Finance Yuba Raj Khatiwada has said that the government would not prefer uncontrolled imports just to meet its revenue targets.

External sector position worsens further

February 15, 2019 12:39 pm

KATHMANDU, Feb 15: The balance of payment (BoP) position of the country continued to slip in the deficit in the first six months of Fiscal Year 2018/19, indicating that the external sector position of the country is worsening.

JAPAN, Sept 3: Japan's major oil companies are preparing to halt all of the crude oil imports from Iran in October due to fears Washington will sanction countries importing Iranian crude, AFP reported Monday, citing Jiji Press agency.

NEW DELHI, Aug 6: With the US imposing additional 25 percent duty on imports worth $34 billion from China, certain Indian products may become more competitive, CII said on Sunday.

BIRGUNJ, Aug 6: Pepper imports through Birgunj Customs Office jumped more than six folds in Fiscal Year 2017/18 ending in mid-July.

WASHINGTON DC, Aug 1:The Trump administration is considering more than doubling its planned tariffs on $200 billion in Chinese imports, ratcheting up pressure on Beijing to return to the negotiating table, three people familiar with the internal deliberations said.

BEIJING, July 24: China’s Commerce Ministry launched an anti-dumping investigation on Monday into stainless steel imports from four countries. Domestic producers have complained that a flood of cheaper products has damaged the local industry.

BIRGUNJ, July 20: The number of containers coming to Sirsiya Dry Port in Birgunj from third countries via Indian ports increased by nearly 25 percent in Fiscal Year 2017/18. This suggests a healthy growth in the country's third-country imports via the dry port.

BEIJING, July 6: Just hours after the United States introduced 25 percent trade tariffs on $34 billion worth of Chinese goods, Beijing has retaliated with mirror measures against American imports.

BIRGUNJ, May 19: Sirsiya dry port located in Birgunj is struggling to handle the increasing import of fertilizer, livestock feed, maize, beans, raw materials for iron products and container cargo from third countries.

KATHMANDU, May 7: Minister for Agricultural, Land Management and Cooperatives, Chakra Pani Khanal, has said that making the country self-sufficient in most of the agricultural products will be the main agenda during his five-year term.

MOSCOW, April 13: Russia’s lower house of parliament is to consider draft legislation that would give the Kremlin powers to ban or restrict a list of U.S. imports, reacting to new U.S. sanctions on a group of Russian tycoons and officials.

KATHMANDU, March 21: There has been a steep rise in import of construction materials and industrial raw materials over the past two years. This indicates the construction and man ufacturing sector of the nation has at least been vibrant. A report published by Nepal Rastra Bank (NRB) suggests that the import of these materials has increased by more than double in the past two years.

KATHMANDU, Feb 20: A recent study conducted by the Nepal Rastra Bank (NRB) shows that rise in government spending also fuels imports.

BIRGUNJ, Jan 27: Along with increase in import of vehicles set to hit the road as public vehicles, the import of small vehicles such as three-wheeler auto-rickshaws has also increased. The first half of the Fiscal Year 2017/18 saw import of more than 5,000 auto-rickshaws, which is nearly twice the volume of import compared to FY2016/17.

BIRGUNJ, Dec 12: Import of mobile phones has jumped by more than five times via the Birgunj customs point.

KATHMANDU, Dec 4: At a time when the Ministry of Commerce has proposed to discourage import of nine products, mostly luxury goods, to narrow down widening trade deficit, economists have suggested that the government move ahead wisely to get expected result rather than just making it an act of market intervention.

KATHMANDU, Nov 14: The government has repeatedly announced, since Fiscal Year 2012/13, that it would help to increase pashmina wool production in Nepal by giving special emphasis to improve conditions for chyangra (mountain goat) farming in Nepal.

KATHMANDU, Oct, 8: Nepal is gradually becoming self-sufficient in flowers. According to Dilip Bade, senior vice president of Floriculture Association of Nepal (FAN), import of flowers is falling in recent years, thanks to rising in flower production.

FY2016/17 imports near trillion rupees

August 22, 2017 02:51 am

KATHMANDU, Aug 21: The gap between import and export figures is widening with each fiscal year even though import substitution is stated as a priority program in every fiscal policy and periodic plan of the government.

KATHMANDU, Aug 13: Nepal Electricity Authority is producing electricity below the capacity of the power plants because of lowered demand or halted supply in the urban centers of the eastern and central regions of the country.

China's foreign film imports

July 9, 2017 00:05 am

China's foreign film imports

Tobacco imports on the rise

June 8, 2017 00:20 am

BIRGUNJ, June 8: Import of tobacco has increased by nearly 49 percent in the current fiscal year compared to figures of Fiscal Year 2015/16.

JHAPA, May 4: ‘Self-reliant economy’ features prominently in election manifestos of major political parties for the local level election.

Electricity imports up by 23 percent

February 27, 2017 05:30 am

KATHMANDU, Feb 27: Electricity imports increased by 23 percent to 785 million units over the first half of the current fiscal year compared to the corresponding period of the last fiscal year.

BHAIRAHAWA, Feb 22: Rise in lending rates of banks and financial institutions (BFIs) has led to significant drop in import of motor vehicles in the country through Bhairahawa Customs Office.

BHAIRAHAWA, Feb 22: Rise in lending rates of banks and financial institutions (BFIs) has led to significant drop in import of motor vehicles in the country through Bhairahawa Customs Office.

BIRATNAGAR, Jan 30: India has started levying 4.5 percent service charge on transport of Nepal's third country imports.

Imports through Raxaul being disrupted

December 12, 2016 00:30 am

BIRGUNJ, Dec 12: Call it a premeditated move of sheer coincidence. With politics swirling around the border, imports and exports through Birgunj -- the key trading point for Nepal -- have again been disrupted.

Chocolate imports soar by 37 percent

November 24, 2016 01:10 am

KATHMANDU, Nov 24: Chocolate imports increased by 37 percent in the last fiscal year compared to import figures of Fiscal Year 2014/15.

TIKAPUR, Oct 28: Farmers of Kailali are worried as their banana is not finding market because of cheaper Indian imports which have flooded the domestic market.