Friday , February 23 2018
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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Nepal bound gasoline being sold en route

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KHAT MANDU: Tanker drivers transporting oil for NOC from the Barauni depot in India have been unloading part of their cargo before crossing the border into Nepal to make a quick buck, officials said.  According to NOC, the country’s eastern region consumes about 750 kilolitres of diesel and 250 kilolitres of petrol daily. Compared to the last fiscal year, the ... Read More »

Standards for animal feed to be revised

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KAT MANDU: The quality of the food given to livestock affects the quality of the milk, meat and eggs that people consume, it added. Currently, the Feed Act 1976 and related regulations and bylaws regulate the quality of animal feed. However, the existing laws only apply to the food given to cows, buffalos and chickens. The revised standards will extend to ... Read More »

Nepal’s communist party leader Oli named next prime minister

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KATMANDU: The leader of Nepal’s communist party was named the Himalayan nation’s new prime minister Thursday, a day after the results of parliamentary elections were finalized. Khadga Prasad Oli, who also served as prime minister in 2015, was to take the oath of office later Thursday, a spokesman for the president’s office said. Oli will be leading a coalition government ... Read More »

Nepal exempt from solar import tariffs in USA

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KHAT MANDU: The United States government has announced a 30% import tariff on solar products. This means that the United States (US) will impose a tax of 30% on solar equipment made abroad. It has also announced another list of the countries that shall be exempted from the tariff. Nepal is on the exempted list along with India, Turkey, Brazil ... Read More »

Nepal to discuss trade barriers at IGC meet

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KHATMANDU: Nepal will be putting trade barriers at the top of its agenda as it has been facing hurdles in its bilateral and third country trade through Indian territory.   According to the Commerce Ministry, it has started work on the major issues to be discussed at the IGC meeting. Ministry spokesperson Rabi Shankar Sainju said they had been talking with ... Read More »

Pesticide use in commercial vegetable production in Nepal

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KHAT MANDU: Nepal is taking steps towards agricultural diversification and commercialization which has shown hopes for improvement of country’s economy, decreased unemployment and importation of agricultural products and increased women’s participation in contribution to national economy. But the commercialization has brought a serious threat along with it which is of major concern. The use of chemical pesticides in the commercialization pocket ... Read More »

Nippon Paint forays into Nepal market

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KHATMANDU: Nippon Paint (India), Asia’s number one paint manufacturer, announced its entry into the Nepal market, with their participation in Nepal Buildcon International Expo 2018, supported by Confederation of Indian Industry (CII). Nippon Paint is the co-sponsor of the event. Nippon Paint aims to create a foothold in the Himalayan nation by engaging with dealers. As one of the largest ... Read More »

Old vehicles to be banned in Nepal

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KHATMANDU: Nepal will ban vehicles older than 20 years across the country in a bid to control worsening air quality and to ease traffic congestion, officials said yesterday. The government decision, which followed a similar campaign in the capital Kathmandu a year ago, will throw out around 5000 ageing vehicles, including buses, trucks and pickups. After mid-March, vehicles older than ... Read More »

Nepali officials to inspect Indian ports

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KHATMANDU: Nepali delegation is also schedule to visit Dhamra Port in Odissa, a new port that the Indian government has been urging Nepal to use it for trading with third countries. “The Indian side had proposed the Dhamra port to us but we have yet to take a decision,” said Ravi Shankar Saiju, joint secretary at the Ministry of Commerce. ... Read More »

Nepal’s exports grew 13% in first half of Fiscal Year 2017/18

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KATHMANDU: Nepal’s exports increased by 13 percent in the first half of Fiscal Year 2017/18, datae from the Department of Customs (DoC) shows. The country’s imports, however, grew 15.6 percent to a whopping Rs 535 billion in the review period — Rs 71.3 billion higher that total import bill of Rs 463.7 billion in the first six months of FY2016/17. The ... Read More »

Nepali ginger finds alternative market in Bangladesh

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KHATMANDU: Ginger exporters have found Bangladesh an alternative market for Nepali gingers. Traders have exported 35 truckloads of ginger to Bangladesh over the past one and half months via Fulbari Banglabandha trade route which opened in 1997. Another 15 trucks loaded with ginger are at the parking yard of Kakarbhitta Customs Office for customs procedures. This is the first time ... Read More »

Nepal’s lentil import up

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KHAT MANDU: According to the Mechi Customs Office, in the first six months of the current fiscal year, 3.31 million kg of lentils worth Rs359.9 million were exported to Bangladesh. However, during the same period, 7.84 million kg of lentils worth Rs813.9 million were imported from other countries. Lentils are imported mainly from Australia, Canada and Myanmar. Lentil exports have ... Read More »

ICC delegation to visit Nepal for progress discussions

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KHATMANDU: A delegation from the International Cricket Council (ICC) will visit Nepal this weekend to progress discussions aimed at enabling the reinstatement of Cricket Association of Nepal (CAN) in ICC. The objective of the visit, led by ICC Deputy Chairman Imran Khwaja, is to agree on the final steps to getting Nepal’s suspension lifted and reinstated into membership of the ICC. This involves, amongst other things, the adoption of an ... Read More »

Priority for agro product exports limited to paper only

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KATHMANDU:  Boosting agricultural production and exports for narrowing the trade deficit are priorities in all periodic plans and fiscal policies, but these priorities never get implemented in reality. Ginger is among several competitive products affected by such inaction.  India blocked the export of Nepali ginger at  Kakarbhitta customs from Monday, and this is the second time an item with utmost potential ... Read More »

Nepal tops South Asia in inclusive development

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KHATMANDU: Nepal’s ranking improved five points and secured 22nd place among 74 emerging economies in the IDI, taking the lead in terms of inclusive growth in the entire South Asian region. The 2018 index has analysed the progress in inclusive growth of 103 economies of the world on the basis of overall growth and development, inclusion and inter-generational equity. The ... Read More »

Two foreigners arrested for cocaine smuggling in Nepal

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KHATMANDU: Nepal police today claimed to have busted an international drug smuggling racket, as it seized nearly 2 kg cocoaine pegged worth 40 million Nepalese rupees.Bolivian national Freddy Mamani Andia and Thai national Khuanjai Khanarat, both in their late twenties, were arrested yesterday after 1.9 kg of cocaine was recovered from their possession, the police said. The seized amount of the drugs has been ... Read More »

Nepal’s export to India takes a steep dive

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KHATMANDU: The country’s export to India slowed to a crawl in the first five months of this fiscal as major export items recorded negative growth in the review period. Nepal Rastra Bank (NRB), while India’s share in total import of Nepal is increasing, export to India in terms of total export has been falling gradually over the months of this ... Read More »

40 per cent population have access to finance

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KATHMANDU : At an interaction ‘Situation of financial institutions in country’ organised by Media International here today, Information Officer at Nepal Rastra Bank, Shambhunath Dhungana, said that financial literacy has been limited to 18 per cent across the nation as most of the financial institutions are centered on urban areas. Similarly, Director of Insurance Board Raju Raman Poudel said that ... Read More »

Nepalis eating less rice compared to a decade ago

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KHATMANDU: Food Security in South Asia and Self-Reliance in Paddy published by the Ministry of Agricultural Development, rice consumption per capita was recorded at 87.75 kg per year in 2011-13, down from 99 kg in 1999-2001. The journal attributed the drop to changing eating habits of Nepalis due to a burgeoning middle class. Rice consumption per capita hit a record ... Read More »

Nepal telecom to distribute cash dividend

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KATHMANDU: Nepal Telecom Company Limited has decided to provide Rs 55 in dividend per share from the profit of fiscal year 2073/074 BS. The 10th annual general assembly of the Company held on Sunday unanimously decided to distribute Rs 55 in dividend per share and amend the Company’s Regulations. It is said that more than 91 per cent of the ... Read More »