AGP Executive Report
Last update: 3 hours agoCricket Pressure: Nepal’s World Cup League-2 campaign hit another snag as the Netherlands beat Nepal by 6 wickets after Nepal were all out for 157; Arif Sheikh top-scored with 41, but the top order again failed and Nepal now face Namibia next. Electricity Exports: Nepal recorded an electricity trade surplus of Rs18.76 billion in FY 2025-26, exporting power worth Rs29.32 billion to India and Bangladesh while imports fell to Rs10.55 billion. Foreign Trade Record: Nepal’s total foreign trade jumped 15.88% to over Rs2,410 billion in FY 2025/26, with imports rising faster than exports and the trade deficit widening to Rs1,781 billion. NRB Rules Update: Nepal Rastra Bank clarified foreign exchange rules, allowing Indian Rs 200 and Rs 500 notes up to Rs25,000 per person, while setting a US$5,000 carry limit for other foreign currencies without customs declaration. Energy Regulation: The government reappointed Dr Ram Prasad Dhital as ERC chair and named three members, with the new team taking oath and promising reforms. Politics in Flux: The Deuba faction filed a review petition at the Supreme Court over the NC working committee dispute, while NCP in Karnali backed a no-confidence motion against the UML-led provincial government. FATF Move: Finance Minister Swarnim Wagle said the government is working to get Nepal off FATF’s Grey List by improving tax transparency and anti-money laundering monitoring. Business & Markets: NEPSE inched up to close at 2,726.72 points, though daily turnover slipped to Rs4.69 billion. Telecom Concern: Ncell urged the government to review the 25-year telecom licensing ownership dispute, warning it could hurt service continuity and the digital economy.
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