AGP Executive Report
Last update: 5 hours agoNepal–India Business Ties: Nepal’s PM Balendra Shah and FM Shisir Khanal sent Independence Day greetings to India, underscoring deeper economic cooperation and connectivity as India marks 80 years since 1947. Financial Sector: Banking, Finance and Insurance Institute of Nepal (BFIN) held its 8th anniversary international conference in Kathmandu on “Future-Ready Financial Systems,” focusing on stability, digital transformation and sustainability. Diaspora Investment Push: Finance Minister Dr. Swarnim Wagle urged Nepalis abroad to invest in tourism, IT, green energy and high-value agriculture, saying the government is creating an investment-friendly environment through new laws and tax reforms. Telecom Results: Nepal Telecom reported a sharp jump in Q4 FY 2082/83 net profit to NPR 8.86 billion (+47.58%) alongside higher operating income. Energy & LPG Supply: Nepal Oil Corporation began distributing cooking LPG from five Kathmandu locations amid shortage, but faced public backlash after making citizenship/ID mandatory for gas collection. Electricity Market Reform: The government is preparing legal amendments to allow private sector participation in electricity trading, with IPPAN pushing for faster permissions. Tourism & Transport: Shubha Adhikari Travels launched luxury buses in Pokhara with onboard facilities, while NATTA elected Bharat Jung Pandey as president for 2026–2028. Policy for Gen-Z Families: Finance Ministry introduced concessional loans up to Rs 5 million for families of Gen-Z martyrs and injured to start self-employment businesses.
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