Bajarko Chirfar Business Insights💡| April 7 Highlights |

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🏞️ TOURISM

1. National Geographic’s Exclusive Luxury Tour Group Visits Nepal A group of 78 luxury tourists, organized by National Geographic as part of their global travel program, visited Nepal. The group stayed at Dwarika’s Hotel and explored almost 80% of the country’s top destinations. After their stay in Nepal, they headed to Bhutan. Highlighting the growing interest in high-end travel to Nepal. The trip was part of National Geographic’s exclusive luxury expeditions.

🏛️ ECONOMY

1. Neelam Dhungana Appointed Acting Governor of Nepal Rastra Bank Deputy Governor Neelam Dhungana has been appointed as Acting Governor of Nepal Rastra Bank. The appointment was made by Finance Minister Bishnu Prasad Paudel under Section 27 of the NRB Act. The previous Governor Maha Prasad Adhikari’s term ended on April 5, and the central bank had been without a head for over 40 hours.
2. Gold Price Drops Again, Silver Inches Up Gold prices in Nepal declined by NPR 700 per tola on Monday, with hallmarked gold now trading at NPR 173,800 per tola, down from NPR 174,500 the previous day. Meanwhile, silver prices increased slightly by NPR 30 per tola, reaching NPR 1,830. This continues the recent trend of fluctuating precious metal prices in the market.
3. Hetauda Cement Resumes Production After Five Months Hetauda Cement Factory has resumed production after a five-month shutdown due to electricity shortages. The factory needs 8 megawatts of power daily to process limestone. The company currently has 1,900 metric tons of raw materials in stock and plans to procure 4,000 metric tons of coal in its second phase. Operating since 2033 BS, the factory currently employs 195 staff and produces 12,000 sacks of cement daily.

🏦 BANKING

1. Prabhu Bank Opens SME and Consumer Loan Center in Gandaki Prabhu Bank has established a new SME and Consumer Banking Hub in Gandaki Province to provide better access to loans and services for small, medium businesses and individual customers. The center was inaugurated by the province’s chief officer Raju Rana. The hub aims to promote entrepreneurship and financial inclusion by offering business, personal, and project loans, along with financial advisory services.

🛡️ INSURANCE

1. SuryaJyoti Life Launches ‘Cares Card’ and ‘E-Loan’ Services Surya Jyoti Life Insurance has introduced two digital services: ‘Cares Card’ and ‘E-Loan’. The Cares Card offers insured individuals and agents discounts at 42 partner merchants, with eligibility based on meeting minimum coverage and renewal criteria. The E-Loan service allows real-time loan disbursement up to 90% of the surrender value of the policy through digital payment platforms.

📈 STOCK MARKET

1. NEPSE Falls to 2670 Points, All Sectors Down Nepal’s stock market index NEPSE dropped by 33.33 points on Monday, closing at 2670. A total of 23 companies saw gains, while 221 saw losses. Trading volume also fell to NPR 5.65 billion from NPR 7.84 billion the previous day. The trading sector dropped the most (3.11%), while hydropower, finance, and banking also saw significant declines. Balefi Hydropower was the top gainer, rising 7.46%, while Upper Hewakhola saw the biggest fall at 9%.
2. Trading of Nepal Micro Insurance Delayed Due to No Trades in Pre-Opening Session Nepal Micro Insurance faced a delayed first trade after investors decided not to sell their shares in anticipation of future gains, inspired by the massive profits seen with Guardian Micro Insurance shares. The company’s opening price is typically determined based on buying and selling activity in the pre-opening session, but since no shares were sold today, the trade could not open.
3. WEAN Nepal Collects NPR 2.91 Billion in FPO Applications WEAN Nepal Microfinance received applications worth NPR 2.91 billion for its FPO, which is 391.70 times oversubscribed. Over 1.69 million individuals applied for 20.91 million shares. The company opened its NPR 5.129 million worth of FPO on Chaitra 21 and will close it on Chaitra 26. Each share was priced at NPR 100.

✈️ AVIATION

1. SpiceJet to Resume Nepal Flights After 5 Years Indian airline SpiceJet is set to resume flights to Nepal after five years. Starting from May 10 (Baisakh 27), the private international carrier will operate one daily flight between India and Nepal. The airline has appointed Himalayan Global Travel Services as its General Sales Agent (GSA) for Nepal.

🚗 AUTO

1. Divided Auto Associations Agree to Collaborate Nepal’s two main automobile business associations—NADA and the newly formed NAIMA—have decided to collaborate despite past divisions. Both groups will work together on promoting the auto industry and influencing policy, while continuing their individual operations. The move aims to strengthen Nepal’s auto sector through shared goals, better policy advocacy, and industry-wide cooperation.
2. Improved Roads Lead to Sharp Decline in Pokhara–Jomsom Flights Pokhara–Jomsom flights have dropped by nearly two-thirds due to better road access along the Beni–Jomsom corridor. Before road upgrades, the area saw up to 18 daily flights and heavy demand, especially from Indian tourists. Now, many travelers prefer road transport for its lower cost and better convenience. Airlines face challenges as many return flights from Jomsom go empty.

📊 POLICY

1. Government to Ban Non-Compliant Vehicles Minister for Physical Infrastructure and Transport Devendra Dahal announced plans to ban vehicles operating against regulations in coordination with the Home Ministry. Emphasis will be given to managing diversions and alternate routes during road construction to avoid traffic disruption. The Ministry is working with traffic police and other agencies to solve transport-related issues and manage traffic flow.

🏙️ POLITICS

1. Salaries Released After CAO Returns to Kathmandu Metropolitan Kathmandu Metropolitan employees have finally received their salaries after months of delay. This was made possible by the forced return of Chief Administrative Officer (CAO) Saroj Guragai to office. Guragai was reinstated by Deputy Mayor Sunita Dangol and other officials, despite opposition from the mayor. The finance department has now released 3 to 5 months’ worth of pending salaries.

Final Note:

This newsletter was compiled with care to ensure accuracy and clarity. We compiled this news from articles published on our portal BajarkoChirfar.com. In creating this, I used ChatGPT to format the report neatly and correct any grammatical errors.

I am starting this newsletter to make people daily aware about the business landscape of Nepal. This is my beginning, and I will provide you with more valuable insights in the coming days.

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