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

Trade deficit swells by 25 percent

CEO TAB by CEO TAB
April 17, 2019
in Prime News
0
Trade deficit
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Kathmandu, April 17 : Total trade deficit has widened by 24.5 percent to Rs 887.88 billion in eight months of FY2018/19, according to the Current Macroeconomic and Financial Situation of Nepal released by the central bank on Tuesday (April 16).

You might also like

Govt Faces Mounting Pressure Over Controversial ‘Take-and-Pay’ Hydropower Policy

Tea Exports Surge by Over 40% While Cardamom and Other Key Goods Decline

Chimkhola-Mangale-Rahughat Hydropower Project Begins Test Production in Myagdi

The Balance of Payments (BoP) suffered a deficit of Rs 58.99 billion in the review period compared to Rs 24.73 billion in the same period of the previous fiscal year. Increasing import is attributed for the worsening external sector condition of the country. 

The data shows that remittances rose by 23.4 percent to Rs 582.19 billion in the review period compared to an increase of only 4.9 percent last year.  Similarly, the inflow of foreign direct investment and capital transfer dropped in the review period. Capital transfer and foreign direct investment (FDI) in Nepal amounted to Rs 11.56 billion and Rs 6.66 billion, respectively. In the same period of the previous year, capital transfer and FDI amounted to Rs 11.94 billion and Rs 14.24 billion, respectively. 

Likewise, foreign exchange reserves of the country continued to plunge in the eighth of the fiscal year as well. Gross foreign exchange reserves stood at Rs 1061.71 billion as at mid-March 2019 from Rs 1,102.59 billion as at mid-July 2018.

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Govt Faces Mounting Pressure Over Controversial ‘Take-and-Pay’ Hydropower Policy

by CEO Tab
June 24, 2025
0
OPMCM

The government is facing intense backlash over its newly introduced 'take-and-pay' provision in the annual budget for Fiscal Year 2025/26, with stakeholders, lawmakers, and even members of the...

Read more

Tea Exports Surge by Over 40% While Cardamom and Other Key Goods Decline

by CEO Tab
June 24, 2025
0
Tea worth Rs 1.5 billion exported in first four months of FY 2023/24

Nepal's tea exports have witnessed a notable rise of 40.50 percent during the first 11 months of the current fiscal year 2024/25, according to the Mechi Customs Office....

Read more

Chimkhola-Mangale-Rahughat Hydropower Project Begins Test Production in Myagdi

by CEO Tab
June 24, 2025
0
Successful test of power production by Upper Syange project

The 37.5-megawatt Chimkhola-Mangale-Rahughat Hydropower Project in Raghuganga Rural Municipality of Myagdi district has commenced test production following the successful trial of major infrastructure components, including the dam, desander,...

Read more

Ruling Coalition Agrees to Scrap ‘Take and Pay’ and ‘Take or Pay’ PPA Models

by CEO Tab
June 24, 2025
0
Raghuganga Locals Present 31-Point Demand to Hydropower Projects

The ruling coalition partners—the Nepali Congress (NC) and the CPN-UML—have agreed to remove both the 'take and pay' and 'take or pay' provisions from the Power Purchase Agreement...

Read more

Government Fails to Meet External Loan Target Amid Slow Capital Spending

by CEO Tab
June 23, 2025
0
Loans from BFIs to private sector increases by Rs 192.64 billion till mid-January

The federal government had aimed to raise NPR 217 billion in external loans in the current fiscal year, but it has not even achieved half of that goal....

Read more
Next Post
Ncell

Ncell directed to clear remaining CGT within a week

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

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.