Weekly Economic Updates (3 January 2025–9 January
2025)

Nepal Economic Forum
2 min readJan 10, 2025

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  1. MCC Approves Additional USD 50 Million for Nepal Compact
    The Millennium Challenge Corporation (MCC) approved an additional USD 50 million for Nepal’s infrastructure, strengthening the electricity grid and supporting long-term economic growth, emphasizing shared commitment to the compact’s success.(Source:https://thehimalayantimes.com/nepal/mcc-approves-additional-usd-50m-for-nepal )
  2. Resorts Costlier Than Star Hotels in Nepal
    In Nepal, resorts are costlier than star hotels, with average rates of NPR 7,459 versus NPR 6,916 per night. Suites in Koshi Province top at NPR 34,270, while deluxe rooms are pricier in five-star hotels.(Source:https://www.onlinekhabar.com/2025/01/1598157/staying-at-a-resort-in-nepal-is-more-expensive-than-staying-at-a-star-hotel-how-much-is-it )
  3. Hyatt Centric Soltimode Debuts in Nepal
    Hyatt Place Kathmandu is now Nepal’s first Hyatt Centric, blending cultural heritage with modern comfort. Featuring 153 rooms, dynamic event spaces, and a vibrant lounge, it offers authentic experiences and exceptional hospitality.(Source: https://www.setopati.com/kinmel/business/347695 )
  4. Nepal Police Raise Over NPR 2.24 Billion Revenue
    Nepal Police collected over NPR 2.24 billion in fines in five months of FY 2081/82 BS, with NPR 905.7 million from illegal goods seizures and NPR 520.7 million from traffic penalties.
    (Source: https://thehimalayantimes.com/nepal/police-raise-revenue-over-rs-224-billion )
  5. India’s Wheat Export Quota to Nepal Criticized
    India approved a 200,000-tonne wheat export quota to Nepal, criticized as insufficient and delayed. Nepal sought 300,000 tonnes months ago, while supply limitations and rising prices complicate reliance on the sole supplier.
    (Source:https://kathmandupost.com/money/2025/01/07/india-s-wheat-export-quota-to-nepal-draws-flak )
  6. Public Transport Fares Increase in Nepal
    Public transport fares in Nepal rose by 3.3%, with freight rates up 0.05% in Terai and 0.81% in Hilly routes. Adjustments follow rising costs and a 5% fluctuation in petroleum prices.
    (Source: https://www.setopati.com/kinmel/automobiles/347745 )
  7. Nepal’s Petroleum Pipelines Expansion Underway
    Nepal Oil Corporation is developing two pipelines with Indian Oil Corporation for NPR 24.5 billion. The projects aim to cut fuel transport costs by 45% and include advanced terminals, targeting completion in 54 months.
    (Source:https://www.ratopati.com/story/466657/the-corporation-is-preparing-to-build-two-pipelines-at-a-cost-of-245-billion )
  8. Central Bank Reviews Liquidity of Six Institutions
    Nepal Rastra Bank is reviewing the liquidity of four development banks and two finance companies after Karnali Development Bank’s mismanagement. Investigations revealed misuse of fake balance certificates, prompting management reforms to enhance financial health.
    (Source:https://www.onlinekhabar.com/2025/01/1601737/nepal-rastra-bank-analyzing-the-liquidity-situation-of-4-development-banks-and-2-finance-banks )
  9. Revenue from Timber Sales in Ilam District
    The Division Forest Office in Ilam earned NPR 22.73 crore from timber in FY 2080/81, down from NPR 23.21 crore. Revenue came from community forests, seized timber, and private forests, with reforestation promoted through sapling distribution.(Source:https://www.karobardaily.com/news/276793 )
  10. Orange Farming Boosts Revenue in Khatekhola
    Farmers in Khatekhola, Baglung, produced oranges worth Rs 54 million, up Rs 20 million from last year. Harvesting 900 metric tonnes on 30 hectares, they benefited from disease-free plants, support, and direct market access.
    (Source:https://thehimalayantimes.com/business/khatekhola-produces-orange-worth-rs-54-million )

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Nepal Economic Forum
Nepal Economic Forum

Written by Nepal Economic Forum

NEF is a not for profit organization aiming to redefine the economic development discourse in Nepal.

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