Nepal saw a significant improvement in its trade balance in fiscal year 2079/80 as trade deficits decreased by 15.45% compared to the previous year 2078/79. This improvement was mainly due to a sharp decline in imports, which dropped by 16.08% during the same period. The government’s strict measures played a crucial role in reducing imports, and according to the Customs Department’s data, the total imports stood at Rs. 16.11 Kharba in the financial year 2079/80.
Highlights:
- Nepal’s Trade Deficit Stands at Rs. 12.04 Kharba for First Ten Months of Fiscal Year
- NEPSE Closes at 2048.26, Market Cap at Rs. 30.34 Kharba with Minor 3.21 Point Loss
- 7-Month Macroeconomic Highlights: Inflation is 7.88%.
- NEPSE Drops 58.93 Points, Closes at 2,470.39 Amid Heavy Trading
- Nepal’s Trade Deficit Reaches Rs 1337 Billion in 11 Months