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IMF Reaches Agreement on 3rd Review

IMF Reaches Agreement on 3rd Review
06 October, Kathmandu: The Nepali authorities and the International Monetary Fund (IMF) team reached a staff-level agreement for a disbursement of about $51.3 million under the third review of the Extended Credit Facility (ECF) arrangement. The agreement is subject to approval by the IMF’s Executive Board, according to a press release issued by IMF on October 5. Nepal’s external position... Read More

Pakistan bans export of 212 items to Afghanistan

Pakistan bans export of 212 items to Afghanistan
06 October, Pakistan : Pakistan’s Ministry of Commerce has banned the export of 212 items to Afghanistan, ARY News reported on Thursday. ARY News is a Pakistani news channel. The country has put a ban on the export of 17 types of clothes, all types of vehicle tires, tea leaves, cosmetics and dozens of toiletries. Similarly, nuts, dry and fresh... Read More

NRB removes margin lending of Rs 120 million

NRB removes margin lending of Rs 120 million
06 October, Kathmandu: Amending the Integrated Guidelines 2080 BS, the Nepal Rastra Bank (NRB) has increased the margin lending. With this, the cap of upper limit of Rs 120 million for margin lending is removed. As per the new decision, the margin lending is fixed at Rs 150 million for individuals and Rs 200 million for institutional investors, the Nepal... Read More

NA to consider Bill related to legislation

NA to consider Bill related to legislation
06 October, Kathmandu: The National Assembly has endorsed a proposal to consider a Bill related to legislation, 2080 BS. NA Chairperson, Ganesh Prasad Timilsina, declared that the proposal presented for a decision was approved unanimously. Minister for Law, Justice and Parliamentary Affairs Dhanraj Gurung had presented the proposal seeking consideration over the Bill. He shared that the bill was introduced... Read More