CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Country’s dependency on wood increasing, timber import exceeds Rs 6 billion

CEO TAB by CEO TAB
July 25, 2019
in Prime News
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Kathmandu, July 24 : Forty-five percent total land in the country is covered by forest area. Despite this backdrop, its dependency on other countries for timber is growing. The statistics shows that Nepal’s annual import of wood and wooden materials exceeds Rs 6.5 billion. In the fiscal year 2075-76 BS (2018-2019), Nepal spent Rs 6.61 billion against 5.56 billion in the previous year in the import of timber and timber products from several countries including India, Indonesia, China, Myanmar, Malaysia, Singapore, Germany, Ukraine, the United Arab Emirates and the Unites States of America.

You might also like

Gold Price Hits All-Time High in the Domestic Market

Foreign Employment Information System Integrated with National Identity Management Information System (NIDMIS)

NRB to Invest Rs 3.3 Billion from Grant and Pension Fund in Banks and Financial Institutions

The import includes wooden logs, timber, wooden frames, ply boards and other products. The size of plywood products tops the import chart. Department of Customs director and information officer Shishir Ghimire, wooden charcoals, wooden powder, match sticks and toothpicks are imported in the country.

In the previous fiscal year 2071-72 BS, Rs 2.13 billion was spent in the import of such materials. Timber export from the country is very little in comparison with the import as ply and wooden crafts worth Rs 55.6 million was exported to India, China, the United States of America, Belgium, and the Netherlands. According to the data of the Ministry of Forest and Environment, timber measuring 17, 552,000 cubic feet was produced (from government, community and private forest) in the fiscal year 2074-75 BS. However, the annual demand for timber in the country is around 30 million cubic feet.

Forest Minister Shakti Bahadur Basnet had formulated the ‘Forest Improvement Action Plan, 2075 BS’ and introduced various plans under the Forest Management and Utilisation Programme with his assumption on the office. RSS

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Gold Price Hits All-Time High in the Domestic Market

by CEO Tab
October 14, 2025
0
NRB sells gold and silver coins for upcoming Tihar

The price of gold in the local market has once again reached a new record high. According to the Federation of Nepal Gold and Silver Dealers’ Association, gold...

Read more

Foreign Employment Information System Integrated with National Identity Management Information System (NIDMIS)

by CEO Tab
October 14, 2025
0
DoFE halts online service

The Foreign Employment Information Management System (FEMIS) has now been integrated with the National Identity Management Information System (NIDMIS), operated by the Department of National ID and Civil...

Read more

NRB to Invest Rs 3.3 Billion from Grant and Pension Fund in Banks and Financial Institutions

by CEO Tab
October 14, 2025
0
Interest rates not to change despite high demand for loans

Nepal Rastra Bank (NRB) has decided to invest Rs 3.3 billion from its Grant and Pension Fund in banks and financial institutions. According to a notice issued by...

Read more

Minister Ghising and South Korean Ambassador Discuss Hydropower, Green Hydrogen, and Employment Cooperation

by CEO Tab
October 14, 2025
0
Kulman-Ghising

Minister for Energy, Water Resources and Irrigation, Physical Infrastructure and Transport, and Urban Development Kulman Ghising held a courtesy meeting with South Korean Ambassador to Nepal Park Tae-young...

Read more

Real Estate Transactions in Nepal Plummet Further After Gen Z Movement

by CEO Tab
October 14, 2025
0
Real Estate Transactions in Nepal Plummet Further After Gen Z Movement

Nepal’s real estate market, which had already been slowing since the start of the current fiscal year (FY 2025/26), has witnessed a sharper decline following the Gen Z...

Read more
Next Post

Monetary policy focuses growth of national production, creation of jobs and entrepreneurship

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.