Economy

Government to accept Rs 12.7 billion DPC provided by World Bank

RSS (KATHMANDU, 14 August 2022) – The government has decided to accept around Rs 12.7 billion ($100 million) development policy credit (DPC) provided by the World Bank to improve the
Sufficient reasons to remain confident in Chinese economy

Global Times editorial (17 July 2022) – According to data released by the National Bureau of Statistics on Friday, China’s gross domestic product (GDP) increased by 2.5 percent year-on-year in
China’s foreign trade grows at double-digit pace in June with resilient outlook

BEIJING, July 13 (Xinhua) — China’s foreign trade saw a double-digit growth pace in June, a positive indicator that the world’s second-largest economy is recovering from the headwinds of COVID-19
Sri Lanka’s cabinet of ministers to resign if new gov’t formed: PM’s office

Xinhua (Colombo, 11 July 2022) –  Sri Lanka’s cabinet of ministers has decided to resign if an agreement is reached to form an all-party government, the Prime Minister’s Office said
IMF intends to ban Pakistan from seeking more Chinese loans: Reports

ANI (6 July 2022)  –  The International Monetary Fund (IMF) intends to ban Pakistan from borrowing more from China, according to reports. Islamabad’s plan to seek PKR 7.9 billion from
Finance Minister Sharma resigns

RSS (KATHMANDU, 6 July 2022) – Finance Minister Janardan Sharma has tendered his resignation from the post. Addressing today’s meeting of the House of Representatives (HoR), Minister Sharma announced his
Over 200,000 foreign tourists visit Nepal in six months

NFA (KATHMANDU, 3 July 2022) – A total of 237,813 foreign tourists visited Nepal in the last six months. According to the statistics shared by Nepal Tourism Board, a total
Dependency on rice increasing, annual import touches 50 billion

Rajaram Karki, RSS (KATHMANDU, 1 July 2022) –  The government statistics for the last one decade indicate the country’s rising dependency on rice. In fiscal year 2069-70 BS (2012-13), rice
IMF tells bankrupt Sri Lanka to tackle corruption, raise taxes

(AFP) – Sri Lanka should stamp out corruption and substantially raise taxes to rescue its economy, the International Monetary Fund said Thursday after bailout talks with the bankrupt island nation.
Two more int’l airlines operating regular flights from TIA

Kathmandu, June 30 (RSS): Two more international airlines are going to operate their regular flights from Tribhuvan International Airport. Thai Smile Airways of Thailand is making its flight from July
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