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Business

Nepal and Qatar form JBC to promote bilateral trade and cooperation

Nepal and Qatar have formed a Joint Business Council (JBC), a chamber of private sectors, to promote bilateral trades and cooperation between the two countries. The Federation of Nepal Chamber of Commerce and Industry (FNCCI) Presi…

Qatari Emir's visit: Govt urged to request for pact on Bhairahawa-Qatar direct flights

Stakeholders have urged the government to take initiatives for operating direct flight between Bhairahawa and Qatar from Gautam Buddha International Airport during the Qatari Emir's visit to Nepal. Sheikh Tamim bin Hamad Al Thani, the Emir of…

WB, ADB to invest US $4 bln in Upper Arun and Dudhkoshi hydro projects

The two major donor financial institutes -- World Bank (WB) and Asian Development Bank (ADB) -- are jointly making investments in the Upper Arun hydroelectricity project with the capacity of 1,063-megawatts and Dudhkoshi hydropower project. This …

WB to take financial management lead for proposed Upper Arun Project

An agreement in principle has been reached for the financial management of the proposed 1063-megawatt Upper Arun Semi-Reservoir Hydropower project in Sankhuwasabha district. According to the Ministry of Finance, such development took place during…

FinMin Pun holds sideline meeting with DFC CEO Nathan, appeals for investment

Finance Minister Barshaman Pun has held a meeting with the US International Development Finance Corporation (DFC) Chief Executive Officer (CEO) Scott Nathan. Minister Pun, who is in Washington DC to participate in the joint session of t…

Gold continues to glitter, silver loses luster

The gold price set a new record after it increased by Rs 700 per tola today (Friday). According to the Federation of Gold and Silver Dealers Association (FENEGOSIDA), the hallmark gold is being sold for Rs 139,300 per tola and worked gold for Rs …

Taplejung becoming hydro hub with 16 hydel projects in Tamor

Taplejung district has received a huge investment in hydropower projects in the Tamor River, the main river in the district, and other rivers. Officials shared that 16 hydroelectricity projects are under construction in the Tamor River with aroun…

Investment Summit: 19 transport projects including 3 expressways to metro rail in Kathmandu

The Investment Board Nepal is set to showcase 19 projects in the transport sector in the upcoming Nepal Investment Summit 2024. The Board has said it will present the road and transport projects including half a dozen tunnels to international inv…

Nepal an attractive destination for int’l investors, FinMin tells US businessmen

Finance Minister Barshaman Pun has appealed to American businessmen to come to Nepal for investment. In an interaction with officials of the US Chamber of Commerce held in Washington DC on Tuesday night (according to Nepali time), Minister Pun sa…

Gold hits Rs 139,200 per tola

The price of yellow metal has set a new record today in the domestic market. Hallmark gold is being traded at Rs 139,200 per tola (11.66 grams) today, an increase by Rs 1,700 per tola as compared to Monday. According to the Federation of Nepal Go…