Trade of NTIS products up

Kathmandu, July 21 -Export of products listed under Nepal Trade Integration Strategy (NTIS) witnessed an increment of 10 per cent in the first 11 months of fiscal 2017-18, as per Trade and Export Promotion Centre (TEPC).

The country has listed various products and services that have a niche market advantage under NTIS. The government has been providing support for the development of products and services listed under the NTIS.

The NTIS (2016-20) has identified some agro-forestry-based products and locally manufactured products, namely, tea, cardamom, ginger, medicinal and aromatic plants, carpets, leather products, pashmina, footwear and textiles as having competitive advantage.

Similarly, semi-skilled and skilled professional services, information technology and business process outsourcing and tourism (including health, education, business and leisure) have been prioritised as services with comparative and competitive advantage.

Export of products listed under NTIS stood at Rs 32.9 billion in the first 11 months of fiscal year 2017-18, compared to Rs 29.85 billion in the corresponding period of the previous fiscal. Among the aforementioned products, export of footwear, pashmina and carpets, however, plummeted in the review period.

The country exported cardamom worth Rs 4.61 billion, ginger (Rs 680.5 million), tea (Rs 2.91 billion), and medicinal and aromatic plants (Rs 992 million) in the first 11 months of fiscal 2017-18. In the review period, textiles worth Rs 13.16 billion, leather (Rs 776 million), footwear (Rs 1.06 billion), pashmina (Rs 2.27 billion) and carpets (Rs 6.44 billion) were exported.

Source: The Himalayan Times

Corporate News

Country’s forex reserves slump to 32-month low

Kathmandu, December 24- Nepal’s foreign exchange reserves have slumped to a 32-month low despite robust growth in remittance income and downward revision in foreign exchange facility for Nepalis visiting overseas, raising the spectre of the country facing a balance of payments crisis if the problem continues to grow.

Read more ...

Doha Bank opens representative office in Nepal

Kathmandu, December 19 - Doha Bank, one of the largest commercial banks in Qatar, has opened its liaison office in Nepal as per the permission granted by the central bank about six months ago.

Read more ...

Parliament body asks govt to solve problem of multiple taxation

KATHMANDU, Aug 15: Parliament’s Finance Committee on Tuesday issued directions to the government to take the lead in solving the chronic problem of multiple taxation by the three tiers of government, as well as the exorbitant hike in tax rates.

Read more ...

Trade deficit surged five-fold in last decade

Kathmandu, August 5 - The country’s trade deficit jumped five folds in the last decade as imports have been skyrocketing and exports have slowed to a crawl in the review period.

Read more ...
Symbol % Change Last Price Turnover
CHLBS 9.9515 453.0 17,730.0
HDL 3.8314 1,355.0 26,860.0
SWBBL 3.6269 800.0 147,840.0
NABILP 3.1768 747.0 24,392,564.0
PICL 2.4242 676.0 724,970.0
Symbol % Change Last Price Turnover
WMBF -9.0909 80.0 35,580.0
GHL -6.6667 280.0 16,950.0
NNLB -5.7143 462.0 361,156.0
NBBL -5.4348 609.0 772,848.0
KADBL -5.3333 142.0 997,594.0
Symbol % Change Last Price Turnover
NABILP 3.1768 747.0 24,392,564.0
NABIL -2.9740 783.0 23,363,212.0
UPPER -2.2124 221.0 11,492,149.0
NMB -0.9709 306.0 10,563,087.0
PRVU -1.9048 206.0 8,938,365.0