Latest NEPSE and Share Market News - Page 58
Finance Minister Urges Tax Officials to Win Taxpayers' Trust, Not Collect Revenue Through Fear
Finance Minister Dr. Swarnim Wagle has instructed tax officials to adopt a taxpayer-friendly approach, emphasizing voluntary tax compliance over coercion to achieve the government's Rs 1.6 trillion revenue target.
Nepal's Trade Deficit Widens 16.63% as Imports Continue to Outpace Exports
Nepal's foreign trade reached Rs 2.096 trillion in FY 2082/83, but a sharp rise in imports pushed the country's trade deficit up by 16.63% to Rs 1.781 trillion, according to the Department of Customs.
IPO Approvals Remain Stalled Despite New SEBON Leadership; 104 Companies Await Clearance
A month after a new leadership took charge at the Securities Board of Nepal (SEBON), the approval process for initial public offerings (IPOs) remains stalled. Currently, 104 companies seeking to raise over Rs 69.30 billion are awaiting regulatory approval.
PM Balen Denies Rift with Finance Minister Amid Private Sector Meetings
The Prime Minister's Office and the Ministry of Finance have dismissed speculation of a rift between Prime Minister Balen Shah and Finance Minister Dr. Swarnim Wagle, saying all economic decisions and meetings with the private sector are being conducted in close coordination.
'Regular Cargo Rail Depends on Lower Costs,' Says Industrialist Suyash Pakurel
Industrialist and former Morang Industrial Organization President Suyash Pakurel says the commercial launch of Biratnagar's cargo rail service is a historic milestone, but warns that lower handling charges and competitive pricing are essential for its long-term sustainability.
NEPSE Falls 13.95 Points Despite Rs 5.18 Billion Turnover
The Nepal Stock Exchange (NEPSE) declined by 13.95 points (0.51%) on Wednesday to close at 2,712.54, with investors trading shares worth Rs 5.18 billion across 346 listed companies.
SEBON Cancels Fixed Deposit Investment Process
The Securities Board of Nepal (SEBON) has cancelled its previously announced process to invest endowment funds and other investable resources in fixed deposit accounts, citing special circumstances.
Over 3,000 Apply for Just 13 Ambassador Posts in Nepal
More than 3,000 applicants have applied for 13 ambassador positions as Nepal launches its first-ever open and competitive ambassador selection process, with the government set to begin preliminary screening next week.
Gold Prices Soar to Rs 291,000 Per Tola
Gold and silver prices recorded a sharp increase in Nepal on Wednesday, with gold rising by Rs 5,400 per tola and silver gaining Rs 110 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
PM Balen to Meet Handicraft Exporters, Sector Reforms on Agenda
Prime Minister Balen Shah is scheduled to meet representatives of the Federation of Handicraft Associations of Nepal to discuss policy reforms, export promotion, branding, and challenges facing Nepal's traditional handicraft industry.
Egg Prices Rise Again as Bird Flu Cuts Production
Egg prices in Nepal have increased after bird flu significantly reduced production, while rising consumer demand has tightened supply. However, poultry farmers say current prices still remain below their production costs.
Nepal’s Bank Deposits Surpass GDP, Raising Structural Economic Concerns
Nepal's banking system now holds deposits worth 131.76% of the country's GDP, highlighting deep financial penetration but also exposing structural weaknesses as surplus liquidity struggles to flow into productive sectors.