Nepal News Evening Economic Brief– June 7, 2025
Welcome to Nepal News’ Evening Economic Brief– your go-to source on key financial updates in Nepal. Stay informed with succinct insights on market trends, economic indicators, and policy shifts. Here are today’s key financial news highlights.
Experts Slam Nepal’s 2025/26 Budget as Lacking Economic Vision
Economic experts have expressed concern that Nepal’s financial budget for 2025/26 fails to address immediate economic issues. In a discussion organized by the Nepal Intellectuals’ Organization, experts criticized the budget for being status quoist, lacking reform, and failing to boost public confidence. Key areas of concern include tax reform, job creation, capital expenditure, and financial formalization.
NEPSE Falls by 52 Points Amidst Investor Uncertainty
The Nepal Stock Exchange (NEPSE) witnessed a decline of 52.10 points last week, closing at 2,640.96. Despite the appointment of a new governor for Nepal Rastra Bank and the release of the federal budget, investor confidence remained low. The market saw fluctuations, with the banking sector experiencing a significant drop.
Financial Access Expands in Nepal Amid Digital Growth
Nepal’s financial inclusion is on the rise, with a significant increase in deposit and loan accounts. The latest Financial Survey indicates a growing number of mobile banking users and improved access to banking services. However, concerns have been raised regarding the rise in non-performing loans (NPLs), highlighting potential risks in credit quality.
PM Oli Inaugurates Jivan Bikas Community Hospital
Prime Minister KP Sharma Oli inaugurated the Jivan Bikas Community Hospital in Morang district, emphasizing the government’s commitment to providing quality healthcare services to underserved communities. The hospital aims to enhance public health infrastructure and improve access to essential healthcare services.
Binod Chaudhary Restores Gandak Canal, Expands Irrigation
Nepali Congress lawmaker Binod Chaudhary has successfully revitalized the Gandak Canal in Nawalparasi, significantly increasing irrigation capacity. The canal’s restoration is expected to benefit local farmers and boost agricultural productivity in the region.
Major Fire Damages Shops in Bamla Market
A devastating fire destroyed several shops at Bamla Market in Budhiganga Municipality-6, resulting in significant property losses. The incident underscores the importance of adequate fire safety measures and emergency response in commercial areas.
Onion Farming Thrives in Ilam
Onion farming is gaining momentum in Ilam, with farmers witnessing successful returns despite challenges such as reduced rainfall. The growth of onion cultivation reflects the potential for increased self-sufficiency in onion production and economic benefits for local farmers.
Maurice Herzog’s Ice Axe at International Mountain Museum
The historical ice axe of legendary climber Maurice Herzog has found a temporary home at the International Mountain Museum in Pokhara. The artifact symbolizes Nepal’s mountaineering heritage and commemorates significant achievements in the field of mountain climbing.
Panchakot Emerges as Religious-Touristic Hub
Panchakot in Baglung is transforming into a popular religious-touristic destination under the visionary leadership of Kamalanayanacharya. The development of spiritual and touristic infrastructure is attracting domestic and international tourists, showcasing the cultural and natural beauty of western Nepal.
Himalaya Airlines Celebrates 10 Years of Connectivity
Himalaya Airlines marks a decade of enhancing Nepal’s international air connectivity, contributing to the growth of the aviation sector and tourism industry. The airline’s commitment to safe and reliable service has been instrumental in expanding its network across Asia and the Middle East.
