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Govt aims to surpass Rs 10 trillion GDP mark in next five years

KATHMANDU, April 26 -- The government has set an ambitious goal of surpassing the country's gross domestic product (GDP) to over Rs 10 trillion within the next five years. The National Planning Commi... Read More


Prez Paudel solicits Qatar's investment in Nepal's water resources, agriculture and tourism sectors

KATHMANDU, April 24 -- Sheikh Tamim bin Hamad Al Thani, Emir (King) of Qatar, the main labor destination of Nepalis, arrived in Kathmandu on Tuesday. He came to Kathmandu for a two-day state visit and... Read More


Govt amends nine laws through ordinance to attract investors

KATHMANDU, April 23 -- To attract domestic and foreign investors, the government has amended nine laws through an ordinance. These amendments are made on the eve of the Nepal Investment Summit-2024 an... Read More


Lack of investment-friendly laws raises concerns as Investment Summit approaches

KATHMANDU, April 20 -- Despite the private sector's recommendations to amend about two dozen laws to promote both foreign and domestic investment in the country, the government has yet to make any ame... Read More


Govt falls short revenue target by Rs 300 billion

KATHMANDU, April 15 -- The government has not been able to collect revenue as per the target due to slowdown in economic activities, poor capital expenditure, revenue leakage, decrease in foreign trad... Read More


NOC plans to set up chemical fertilizer factory to reduce import dependency

KATHMANDU, April 10 -- Cent percent chemical fertilizers in Nepal are imported from abroad. In this situation, Nepal Oil Corporation (NOC) has prepared to operate a chemical fertilizer factory in the ... Read More


National pride projects' costs skyrocket by Rs 1,050 billion, putting strain on state economy

KATHMANDU, April 6 -- The cost of the projects of national pride has increased by over Rs 1,050 billion due to the non-completion of their construction within the stipulated timelines, imposing a fina... Read More


Labor Minister Aryal implicated in cooperative fraud?

KATHMANDU, April 2 -- Amid accusations of misappropriating cooperative funds against Home Minister and Rastriya Swatantra Party (RSP) Chairman Rabi Lamichhane, another high-ranking member of the same ... Read More


India dilly-dallying to provide grants for petroleum pipeline projects

KATHMANDU, March 27 -- India has refused to provide a grant of about Rs 17 billion as per the agreement reached between the two countries to build two petroleum pipelines and a fuel storage facility i... Read More


India dilly-dallying on subsidy agreement for petroleum pipeline projects with Nepal

KATHMANDU, March 26 -- According to the agreement to build two petroleum pipelines and a fuel storage facility, India has refused to give a subsidy of about Rs 17 billion. According to the agreement w... Read More