Quick Updates on Nepal’s Business News from Khabarhub

Private sector stakeholders in Nepal are calling for increased government spending to stimulate economic growth in the country. With private sector investment totaling Rs2.5 trillion compared to the government’s annual spending of Rs500 billion, there is a clear need for policies to boost private sector confidence and address banking sector concerns.

Finance Minister Barsha Man Pun has committed to prioritizing private sector confidence through policy reforms to create an investment-friendly environment. This move aims to support economic growth amidst ongoing challenges and stimulate private sector investment in the country.

In other economic news, the Nepal Stock Exchange (NEPSE) experienced a 1.64% decline in its weekly performance, closing at 1,966.23 points. The index showed notable volatility throughout the week, with a total turnover of Rs 14.49 Arba. Despite the decrease, stakeholders remain optimistic about the market’s resilience and potential for growth.

Meanwhile, gold prices have surged in Nepal’s domestic market, reflecting a complex interplay of global economic conditions and local market dynamics. Silver prices, on the other hand, have remained stable, indicating differing market dynamics for precious metals in the country.

Additionally, Unilever Nepal Limited reported a robust financial performance in the third quarter of the fiscal year 2080/81, with a substantial 30.46% increase in net profit. The company’s revenue also saw a modest uptick, showcasing its resilience and strong performance in the market.

Lastly, an alternative road in the Lo Manthang-Nechung segment of the Beni-Jomsom-Korala National Highway has been completed, enhancing regional infrastructure and connectivity for residents, tourists, and businesses. This initiative is part of ongoing efforts by the Gandaki Province Government to improve transportation and trade in the region.